Discovery Charter School Inc

Analysis

Discovery Charter School Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Discovery Charter School Inc reported income of $11.6m and spending of $10.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $11.6m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Charter School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Shiprock Associated Schools Inc ($11.6m), The Academy ($11.6m) and Berkeley Hall School Foundation ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $388k (3.8% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $20.2m against liabilities of $23.5m, net assets of -$3.3m. It reported 102 employees.