Discovery Center Of The Southern Tier
Discovery Center of the Southern Tier: Consistent Community Engagement with Room for Financial Transparency Growth
EIN: 222612065 · Binghamton, NY · NTEE: A520 · Updated: 2026-04-04
About Discovery Center Of The Southern Tier
Discovery Center Of The Southern Tier (EIN: 222612065) is a nonprofit organization based in Binghamton, NY, classified under NTEE code A520. The organization reported total revenue of $1.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discovery Center Of The Southern Tier's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Discovery Center Of The Southern Tier with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Discovery Center Of The Southern Tier allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, making a specific assessment impossible without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Discovery Center Of The Southern Tier's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data.
- Consistent operating losses in several years (e.g., 2020, 2019, 2018, 2017, 2016) suggest potential financial strain or strategic investment.
Strengths
The following positive indicators were identified for Discovery Center Of The Southern Tier:
- Consistent revenue generation over multiple years, indicating stable donor or grant support.
- Maintains significant assets relative to liabilities, suggesting financial stability.
- Long operational history (data from 2016-2023) demonstrates sustained community presence.
Frequently Asked Questions about Discovery Center Of The Southern Tier
What does Discovery Center Of The Southern Tier do?
Discovery Center Of The Southern Tier is a nonprofit organization in the Arts, Culture & Humanities sector, located in Binghamton, New York. It is classified under NTEE code A520.
How much revenue does Discovery Center Of The Southern Tier have?
Discovery Center Of The Southern Tier reported total revenue of $1,916,416. Based on 12 IRS 990 filings on record.
What are Discovery Center Of The Southern Tier's total assets?
Discovery Center Of The Southern Tier holds total assets of $2,648,244 as reported in IRS 990 filings.
Where is Discovery Center Of The Southern Tier located?
Discovery Center Of The Southern Tier is based in Binghamton, New York.
What is Discovery Center Of The Southern Tier's EIN?
Discovery Center Of The Southern Tier's Employer Identification Number (EIN) is 222612065. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Discovery Center Of The Southern Tier?
Discovery Center Of The Southern Tier is classified under NTEE code A520 (Arts, Culture & Humanities).
Is Discovery Center Of The Southern Tier a registered 501(c)(3)?
Yes, Discovery Center Of The Southern Tier is recognized as a tax-exempt organization by the IRS. EIN: 222612065.
Does Discovery Center Of The Southern Tier file IRS Form 990?
Yes, Discovery Center Of The Southern Tier has 12 IRS Form 990 filings on record. The most recent covers tax period 202305.
What was Discovery Center Of The Southern Tier's revenue in 2023?
In the 202305 filing period, Discovery Center Of The Southern Tier reported total revenue of $1,286,406, total expenses of $1,261,706, and net assets of $1,775,843.
Is Discovery Center Of The Southern Tier's revenue growing or declining?
Discovery Center Of The Southern Tier's revenue is growing. Revenue went from $1,101,982 (202205) to $1,286,406 (202305), a +16.7% change. Based on 12 filings on record.
What is Discovery Center Of The Southern Tier's most recent 990 filing?
The most recent IRS Form 990 filing for Discovery Center Of The Southern Tier covers tax period 202305. It shows revenue of $1,286,406, expenses of $1,261,706, total assets of $1,775,843, and liabilities of $210,153.
How much does Discovery Center Of The Southern Tier spend on programs vs administration?
Based on IRS 990 analysis, Discovery Center Of The Southern Tier allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Discovery Center Of The Southern Tier a trustworthy charity?
Based on AI analysis of IRS 990 data, Discovery Center Of The Southern Tier appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Discovery Center Of The Southern Tier?
The following concerns were identified: Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data.. Consistent operating losses in several years (e.g., 2020, 2019, 2018, 2017, 2016) suggest potential financial strain or strategic investment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Discovery Center Of The Southern Tier's strengths?
Positive indicators for Discovery Center Of The Southern Tier include: Consistent revenue generation over multiple years, indicating stable donor or grant support.. Maintains significant assets relative to liabilities, suggesting financial stability.. Long operational history (data from 2016-2023) demonstrates sustained community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Discovery Center Of The Southern Tier compensate executives?
Executive compensation is not detailed in the provided data, making a specific assessment impossible without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operating losses in several years, how does the Discovery Center manage its long-term financial sustainability?
While the organization shows operating losses in multiple years (e.g., $61,938 in 2020, $43,769 in 2019), its assets consistently exceed liabilities, suggesting these losses might be covered by reserves, specific grants, or strategic investments rather than indicating immediate insolvency. Further analysis of cash flow and endowment would be needed.
What is the primary driver of the significant increase in revenue from $882,330 in 2021 to $1,286,406 in 2023?
The provided data does not specify the exact drivers, but a nearly 45% increase in revenue over two years could be attributed to successful fundraising campaigns, increased grant funding, higher program attendance post-pandemic, or new revenue streams. Further investigation into their annual reports or Form 990s would be necessary to pinpoint the cause.
Filing History
IRS 990 filing history for Discovery Center Of The Southern Tier showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Discovery Center Of The Southern Tier's revenue has grown by 77.6%, moving from $724K to $1.3M. Total assets increased by 21.9% over the same period, from $1.5M to $1.8M. Total functional expenses rose by 66.1%, from $760K to $1.3M. In its most recent filing year (2023), Discovery Center Of The Southern Tier reported a surplus of $25K, with revenue exceeding expenses. The organization holds $210K in liabilities against $1.8M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $1.8M | $210K | — | — |
| 2022 | $1.1M | $1.0M | $1.8M | $227K | — | View 990 |
| 2021 | $882K | $811K | $1.8M | $255K | — | View 990 |
| 2020 | $851K | $913K | $1.6M | $196K | — | View 990 |
| 2019 | $986K | $1.0M | $1.6M | $104K | — | View 990 |
| 2018 | $848K | $946K | $1.4M | $84K | — | View 990 |
| 2017 | $887K | $944K | $1.5M | $106K | — | View 990 |
| 2016 | $868K | $906K | $1.6M | $94K | — | View 990 |
| 2015 | $803K | $837K | $1.6M | $70K | — | View 990 |
| 2014 | $911K | $787K | $1.6M | $62K | — | View 990 |
| 2013 | $745K | $704K | $1.5M | $80K | — | View 990 |
| 2012 | $724K | $760K | $1.5M | $87K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $1.8M (revenue +16.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $1.8M (revenue +24.9% year-over-year).
- 2021: Revenue of $882K, expenses of $811K, and assets of $1.8M (revenue +3.7% year-over-year).
- 2020: Revenue of $851K, expenses of $913K, and assets of $1.6M (revenue -13.7% year-over-year).
- 2019: Revenue of $986K, expenses of $1.0M, and assets of $1.6M (revenue +16.3% year-over-year).
- 2018: Revenue of $848K, expenses of $946K, and assets of $1.4M (revenue -4.3% year-over-year).
- 2017: Revenue of $887K, expenses of $944K, and assets of $1.5M (revenue +2.1% year-over-year).
- 2016: Revenue of $868K, expenses of $906K, and assets of $1.6M (revenue +8.2% year-over-year).
- 2015: Revenue of $803K, expenses of $837K, and assets of $1.6M (revenue -11.9% year-over-year).
- 2014: Revenue of $911K, expenses of $787K, and assets of $1.6M (revenue +22.3% year-over-year).
- 2013: Revenue of $745K, expenses of $704K, and assets of $1.5M (revenue +2.9% year-over-year).
- 2012: Revenue of $724K, expenses of $760K, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Discovery Center Of The Southern Tier is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.