New Discovery School

Analysis

New Discovery School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 2024, New Discovery School reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.4m (+31%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Discovery School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Little Children of the World Inc ($1.4m), Ami Inc of Washington-Greene Counties ($1.4m) and Christian Action Network ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $92k (6.4% of expenses). Other salaries and wages came to $724k. At year end it held assets of $1.3m against liabilities of $352k, net assets of $979k. It reported 35 employees.