Austin Explore Inc

Analysis

Austin Explore Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Austin Explore Inc reported income of $1.5m and spending of $1.8m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-5.3%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Explore Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Three Rivers Charter School ($1.5m), Champions for Literacy ($1.5m) and San Antonio Believers Academy Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $135k (7.6% of expenses). Other salaries and wages came to $817k. At year end it held assets of $2.3m against liabilities of $112k, net assets of $2.2m. It reported 58 employees.