Friends Of@discovery Health Sciences Foundation Inc

Analysis

Friends Of@discovery Health Sciences Foundation Inc is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends Of@discovery Health Sciences Foundation Inc reported income of $4.2m and spending of $4.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $400k to $4.2m (+943%), an average of +80% a year. The sharpest change came in the year to June 2021, when income rose by 395%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Of@discovery Health Sciences Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Grumman Hill Montessori Association ($4.2m), Centreville Layton School Inc ($4.2m) and Mizzentop Day School ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 92% of the total. At year end it held assets of $42.4m against liabilities of $43.0m, net assets of -$647k.