The Discovery Center

Analysis

The Discovery Center is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in July 1968, 58 years ago. 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 June 2023, The Discovery Center reported income of $1.3m and spending of $546k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $282k to $1.3m (+366%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 206%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Discovery Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include The Mediation Group Inc ($1.3m), Mercy Community Housing Georgia ($1.3m) and Central Utah Food Sharing ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $49k (9.0% of expenses). Other salaries and wages came to $238k. At year end it held assets of $1.3m against liabilities of $139k, net assets of $1.2m. It reported 26 employees.