Explore Mars Inc

Analysis

Explore Mars Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2021, 5 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, Explore Mars Inc reported income of $346k and spending of $445k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $356k to $346k (-2.8%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explore Mars Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include 22nd Judicial District Casa Inc ($346k), Middlebury Studio School ($346k) and Southern Illinois Research Park Corporation ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $116k (26% of expenses). Other salaries and wages came to $84k. At year end it held assets of $32k against liabilities of $90k, net assets of -$58k. It reported 2 employees.