Exploring the Arts Inc

Analysis

Exploring the Arts Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, 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, Exploring the Arts Inc reported income of $1.0m and spending of $2.1m, spending 212% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.0m (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Exploring the Arts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Stowe Story Labs ($1.0m), Summer Stock Stage Inc ($1.0m) and Outpost Productions Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $454k (21% of expenses). Other salaries and wages came to $439k. At year end it held assets of $3.0m against liabilities of $396k, net assets of $2.6m. It reported 12 employees.