Texas Discovery Gardens

Analysis

Texas Discovery Gardens is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1956, 70 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 December 2023, Texas Discovery Gardens reported income of $906k and spending of $1.1m, spending 121% of what it took in. Across the 6 years on record, from May 2019 to December 2023, income fell from $1.1m to $906k (-21%), an average of -4.5% a year. The sharpest change came in the year to May 2022, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Discovery Gardens sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include St Vincent de Paul Society Roseville Area Conference Inc ($906k), Cibc Foundation ($906k) and Camden County College Foundation Inc ($906k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $130k (12% of expenses). Other salaries and wages came to $405k. At year end it held assets of $1.6m against liabilities of $390k, net assets of $1.2m. It reported 36 employees.