Exploration Place Inc

Analysis

Exploration Place Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2023, Exploration Place Inc reported income of $6.5m and spending of $6.8m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $6.5m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Exploration Place Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include Fund for the Arts Inc ($6.5m), Dayton Society of Natural History Dayton Museum of Natural History ($6.5m) and Alliance for Young Artists & Writers Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $251k (3.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $34.1m against liabilities of $1.0m, net assets of $33.1m. It reported 114 employees.