Explore Schools Inc

Analysis

Explore Schools Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2010, 16 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, Explore Schools Inc reported income of $4.7m and spending of $4.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.7m (+20%), an average of +4.7% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explore Schools Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Urban Learning Collaborative Inc ($4.7m), Kittitas Conservation Trust ($4.8m) and Soldier Hollow Charter School ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $847k (18% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.6m against liabilities of $476k, net assets of $1.1m. It reported 49 employees.