Lynn Meadows Discovery Center

Analysis

Lynn Meadows Discovery Center is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Lynn Meadows Discovery Center reported income of $1.4m and spending of $1.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lynn Meadows Discovery Center sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within MS. Charities of a similar size with the same main cause include Main Line Art Center ($1.4m), Art Pride New Jersey Foundation Inc ($1.4m) and Redlands Conservancy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $99k (6.0% of expenses). At year end it held assets of $5.6m against liabilities of $382k, net assets of $5.2m. It reported 49 employees.