Exploration School Inc

Analysis

Exploration School Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in February 1977, 49 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 August 2023, Exploration School Inc reported income of $7.8m and spending of $12.0m, spending 154% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $16.6m to $7.8m (-53%), an average of -17% a year. The sharpest change came in the year to August 2021, when income rose by 662%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Exploration School Inc 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 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Prattville Christian Academy Inc ($7.8m), West Houston Assistance Ministries Inc ($7.8m) and Apprentice and Journeymen Education and Training Trust Fund U/A 130 ($7.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $645k (5.4% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $20.2m against liabilities of $5.2m, net assets of $15.0m. It reported 248 employees.