Discovery Learners Academy

Analysis

Discovery Learners Academy is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 2021, 5 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 December 2023, Discovery Learners Academy reported income of $342k and spending of $374k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $205k to $342k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Learners Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include NJ Education and Parnasah Institute ($342k), Homework Hotline Inc ($342k) and Wellspring Cultural and Educational Foundation Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $218k. At year end it held assets of $32k against liabilities of $4,275, net assets of $28k. It reported 11 employees.