Discovery Charter School
EIN: 464541806 · Inver Grove Heights, MN · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.9M |
| Net Assets | $-774,982 |
Is Discovery Charter School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Discovery Charter School
Discovery Charter School (EIN: 464541806) is a nonprofit organization based in Inver Grove Heights, MN, classified under NTEE code B29. The organization reported total revenue of $2.6M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discovery Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Discovery Charter School is a mid-size nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 48.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-6,660 |
| Total Assets | $3.2M |
| Total Liabilities | $4.0M |
| Net Assets | $-774,982 |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 124.3% |
| Months of Reserves | 13.2 months |
Financial Health Grade: C
In 2023, Discovery Charter School reported a deficit of $7K with expenses exceeding revenue, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 124.3% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Discovery Charter School's revenue has grown at a compound annual growth rate (CAGR) of 48.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | -5.1% | +59.1% |
| 2022 | -7.2% | +0.1% | -15.6% |
| 2021 | +1.3% | -2.1% | -14.8% |
| 2020 | +18.4% | +38.5% | -3.0% |
| 2019 | +11.3% | -12.7% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Discovery Charter School has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Discovery Charter School with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 124.3%.
Frequently Asked Questions about Discovery Charter School
Is Discovery Charter School a legitimate charity?
Discovery Charter School (EIN: 464541806) is a registered tax-exempt nonprofit based in Minnesota. It has 8 years of IRS 990 filings on record. Total revenue: $2.6M. No red flags identified. Financial health grade: C.
How does Discovery Charter School spend its money?
Discovery Charter School reported $2.6M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Discovery Charter School tax-deductible?
Discovery Charter School is registered as a tax-exempt nonprofit (EIN: 464541806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Discovery Charter School located?
Discovery Charter School is headquartered in Inver Grove Heights, Minnesota and files with the IRS under EIN 464541806. It is classified under NTEE code B29.
How many years of IRS 990 filings does Discovery Charter School have?
Discovery Charter School has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Filing History
IRS 990 filing history for Discovery Charter School showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Discovery Charter School's revenue has grown by 1478.5%, moving from $183K to $2.9M. Total assets increased by 2025.5% over the same period, from $150K to $3.2M. Total functional expenses rose by 2220.9%, from $125K to $2.9M. In its most recent filing year (2023), Discovery Charter School reported a deficit of $7K, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $3.2M in assets (debt-to-asset ratio: 124.3%), resulting in net assets of $-774,982.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.9M | $3.2M | $4.0M | — | View 990 |
| 2022 | $2.8M | $3.1M | $2.0M | $2.4M | — | View 990 |
| 2021 | $3.0M | $3.1M | $2.4M | $2.5M | — | — |
| 2020 | $3.0M | $3.1M | $2.8M | $2.9M | — | View 990 |
| 2019 | $2.5M | $2.2M | $2.9M | $2.8M | — | View 990 |
| 2018 | $2.3M | $2.6M | $2.7M | $2.9M | — | View 990 |
| 2017 | $2.1M | $2.1M | $636K | $492K | — | View 990 |
| 2016 | $183K | $125K | $150K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.9M, and assets of $3.2M (revenue +3.8% year-over-year).
- 2022: Revenue of $2.8M, expenses of $3.1M, and assets of $2.0M (revenue -7.2% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.1M, and assets of $2.4M (revenue +1.3% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.1M, and assets of $2.8M (revenue +18.4% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.2M, and assets of $2.9M (revenue +11.3% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.6M, and assets of $2.7M (revenue +5.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $636K (revenue +1066.9% year-over-year).
- 2016: Revenue of $183K, expenses of $125K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Discovery Charter School:
Data Sources and Methodology
This transparency report for Discovery Charter School 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.