The Discovery Science Place Inc

Analysis

The Discovery Science Place Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in October 1991, 35 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, The Discovery Science Place Inc reported income of $318k and spending of $353k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $402k to $318k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Discovery Science Place Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include New Expressive Works ($318k), South Jersey Innovation Center a NJ Nonprofit Corporation ($318k) and Santa Barbara Festival Ballet ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.8m against liabilities of $12k, net assets of $1.8m. It reported 2 employees.