Discovery Public School of Faribault

Analysis

Discovery Public School of Faribault is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in October 2008, 18 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 Public School of Faribault reported income of $924k and spending of $953k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $813k to $924k (+14%), an average of +3.3% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovery Public School of Faribault sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Providence Christian Academy ($924k), International Consortium of Universities for Drug Demand Reduc ($925k) and Workforce Services Unlimited Inc ($924k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $190k (20% of expenses). Other salaries and wages came to $322k. At year end it held assets of $278k against liabilities of $55k, net assets of $223k. It reported 17 employees.