Explore Ministries Inc

Analysis

Explore Ministries Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Ministries Inc reported income of $341k and spending of $311k, spending 91% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $391k to $341k (-13%), an average of -13% a year. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Explore Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AR. Charities of a similar size with the same main cause include Divine Providence Ministries Inc ($341k), Serving Ireland Foundation ($341k) and Lot 2540 Incorporated ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $195k (63% of expenses). At year end it held assets of $380k against liabilities of $0, net assets of $380k. It reported 1 employees.