The Exploris School

Analysis

The Exploris School is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Exploris School reported income of $5.4m and spending of $4.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 141%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Exploris School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Dressed with Dignity Inc ($5.4m), Green Mountain Higher Education Consortium Inc ($5.4m) and Charlottesville Day School Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $271k (5.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.5m against liabilities of $338k, net assets of $8.2m. It reported 91 employees.