Hands on Discovery Center

Analysis

Hands on Discovery Center is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hands on Discovery Center reported income of $781k and spending of $730k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $590k to $781k (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hands on Discovery Center sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Steuben County Literacy Coalition ($781k), Association for Supervisor and Curriculum Development ($781k) and Transportation Intermediaries Assn Institute for Research & Education ($781k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $56k (7.6% of expenses). Other salaries and wages came to $280k. At year end it held assets of $1.8m against liabilities of $759k, net assets of $1.1m. It reported 35 employees.