Explorations Inc

Analysis

Explorations Inc is a registered charity in United States, based in Winsted, CT. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Explorations Inc reported income of $2.0m and spending of $1.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explorations Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Northern Lights Community School ($2.0m), Malaika Early Learning Center Inc ($2.0m) and The Lewis Chatman Academy ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $112k (6.4% of expenses). Other salaries and wages came to $990k. At year end it held assets of $2.0m against liabilities of $302k, net assets of $1.7m. It reported 24 employees.