College of Exploration

Analysis

College of Exploration is a registered charity in United States, based in Potomac Falls, VA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, College of Exploration reported income of $88k and spending of $100k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $88k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of Exploration sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Oregon Turfgrass Foundation ($88k), Association of Applied Paleontological Sciences ($88k) and Sayreville Middle School PTO Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $16k (16% of expenses). At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 2 employees.