Discovery Preparatory School Inc

Analysis

Discovery Preparatory School Inc is a registered charity in United States, based in Dana Point, CA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Discovery Preparatory School Inc reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $123k to $1.1m (+803%), an average of +803% a year. The sharpest change came in the year to June 2023, when income rose by 803%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Preparatory School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Adams County Education Consortium ($1.1m), Nkwusm ($1.1m) and Executive Mba Council Grad School of Bus Columbia Univ ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Other salaries and wages came to $769k. At year end it held assets of $452k against liabilities of $486k, net assets of -$34k. It reported 12 employees.