NVGM Exploratory

Analysis

NVGM Exploratory is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NVGM Exploratory reported income of $1.1m and spending of $537k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $800k to $1.1m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 323%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NVGM Exploratory sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Sisters Network Inc ($1.1m), Opera Idaho Inc ($1.1m) and Ten Thousand Things ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $99k (18% of expenses). At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m. It reported 6 employees.