Exploration Foundation

Analysis

Exploration Foundation is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in March 2008, 18 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 June 2023, Exploration Foundation reported income of $428k and spending of $437k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $602k to $428k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Exploration Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within HI. Charities of a similar size with the same main cause include Education Incubator ($428k), Hawaii Performing Arts Festival Inc ($428k) and New Hope Chinese Cancer Care Foundation ($428k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 85% of the total. At year end it held assets of $6.3m against liabilities of $4.3m, net assets of $2.0m.