Explore New York Corp

Analysis

Explore New York Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Explore New York Corp reported income of $2.5m and spending of $2.6m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.5m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 335%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Explore New York Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Castle Preservation Society ($2.5m), National Wasp Wwii Museum Inc ($2.5m) and Stanford Jazz Workshop ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $57k (2.2% of expenses). At year end it held assets of $908k against liabilities of $0, net assets of $908k. It reported 6 employees.