Friends of Explorer Post 58

Analysis

Friends of Explorer Post 58 is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Friends of Explorer Post 58 reported income of $428k and spending of $355k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $428k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends of Explorer Post 58 sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Regents of the University of Minnesota ($428k), Remember US Urban Legends ($428k) and Neighborhood House Community Center Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $125k (35% of expenses). Other salaries and wages came to $77k. At year end it held assets of $476k against liabilities of $12k, net assets of $464k. It reported 5 employees.