Great Explorations Inc

Analysis

Great Explorations Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in May 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Great Explorations Inc reported income of $2.8m and spending of $2.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.8m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Explorations Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Arbogast Performing Arts Center ($2.8m), Family Life Ministries Inc ($2.8m) and Michigans Thanksgiving Parade Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $272k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $724k, net assets of $2.5m. It reported 95 employees.