Boston Explorers Inc

Analysis

Boston Explorers Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Boston Explorers Inc reported income of $189k and spending of $327k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $189k (-21%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boston Explorers Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Newport Harbor High School Girls Soccer ($189k), Road Runners Club of America ($189k) and Allatoona Basketball Tip Off Club ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). Other salaries and wages came to $24k. At year end it held assets of $107k against liabilities of $0, net assets of $107k. It reported 2 employees.