Explore Excel Charter School

Analysis

Explore Excel Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2012, 14 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, Explore Excel Charter School reported income of $42.7m and spending of $48.7m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.0m to $42.7m (+9.4%), an average of +2.3% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explore Excel Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include San Domenico School ($42.7m), Detroit 90-90 ($42.7m) and El Education Inc ($42.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.5m (3.1% of expenses). Other salaries and wages came to $26.9m. At year end it held assets of $15.2m against liabilities of $5.6m, net assets of $9.6m. It reported 417 employees.