Discovery Therapy Network

Analysis

Discovery Therapy Network is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Discovery Therapy Network reported income of $59k and spending of $79k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $3,200 to $59k (+1757%), an average of +331% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Discovery Therapy Network sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include Ibew 1393 Charity Foundation ($59k), Changed by Fire ($59k) and The Renewed Hope ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.