Discovery Center at Waters Edge Inc

Analysis

Discovery Center at Waters Edge Inc is a registered charity in United States, based in Belcamp, MD. It received its IRS tax-exemption ruling in April 2016, 10 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 June 2023, Discovery Center at Waters Edge Inc reported income of $957k and spending of $270k, leaving 72% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $86k to $957k (+1008%), an average of +1008% a year. The sharpest change came in the year to June 2023, when income rose by 1008%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Center at Waters Edge Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Wilmington Childrens Museum Inc ($956k), Ashley Gibson Barnett Museum of Art at Florida Southern College Inc ($957k) and Extreme Tech Challenge ($956k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.5m against liabilities of $830k, net assets of $716k.