Discovery Place Holding Foundation

Analysis

Discovery Place Holding Foundation is a registered charity in United States, based in Burns, TN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Discovery Place Holding Foundation reported income of $275k and spending of $64k, leaving 77% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $192k to $275k (+43%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Discovery Place Holding Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Tri-Creek Education Foundation Inc ($275k), Children of Deaf Adults ($275k) and Scarsdale Foundation ($275k).

At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.