Discovery Therapies Inc

Analysis

Discovery Therapies Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Discovery Therapies Inc reported income of $212k and spending of $207k, spending 98% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $206k to $212k (+3.0%), an average of +1.5% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Therapies Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Friends of the Seattle Public Library ($212k), Little Scholars Academy at Lake Oconee Inc ($212k) and Livingston County Library Charitable TR ($212k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $104k. At year end it held assets of $15k against liabilities of $1,196, net assets of $14k. It reported 13 employees.