Explore Center Inc

Analysis

Explore Center Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1979, 47 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 September 2023, Explore Center Inc reported income of $2.9m and spending of $2.1m, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $2.9m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to September 2020, when income dropped by 28%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Explore Center 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 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Madison Childrens Museum Inc ($2.9m), Performing Arts at Metropolis ($2.9m) and Loft Cinema Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. Other salaries and wages came to $714k. At year end it held assets of $4.8m against liabilities of $215k, net assets of $4.6m. It reported 51 employees.