Discovery Gateway

Analysis

Discovery Gateway is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Discovery Gateway reported income of $3.3m and spending of $2.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.3m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Gateway sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within UT. Charities of a similar size with the same main cause include Center for Transportation & Commerce ($3.3m), Classical Theatre of Harlem ($3.3m) and Austin Lyric Opera ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $190k (6.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.4m against liabilities of $445k, net assets of $3.0m. It reported 97 employees.