Explorers Club

Analysis

Explorers Club is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1935, 91 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Explorers Club reported income of $5.4m and spending of $5.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Explorers Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Puente de LA Costa Sur ($5.4m), Public Broadcasting Foundation of Northwest Ohio ($5.4m) and Montpelier Foundation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $351k (7.0% of expenses). Other salaries and wages came to $1.1m. It paid $36k in professional fundraising fees. At year end it held assets of $17.1m against liabilities of $1.2m, net assets of $15.9m. It reported 22 employees.