Explorer Post 247 Inc

Analysis

Explorer Post 247 Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Explorer Post 247 Inc reported income of $387k and spending of $380k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $387k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Explorer Post 247 Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Impact 21 Community Development Corporation ($387k), Institucion de Envejecientes Hogar Dulce Hogar Inc ($387k) and Norcal Spinal Cord Injury Foundatio ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.