Life and Discovery Inc

Analysis

Life and Discovery Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Life and Discovery Inc reported income of $5.2m and spending of $3.9m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $5.2m (+409%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life and Discovery Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Kuyper College ($5.2m), Alumni Board of the University of Virginia Endowment Fund ($5.2m) and Metropolitan Community College Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $156k (4.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.6m against liabilities of $2.3m, net assets of $3.3m. It reported 48 employees.