Art Explorers Inc

Analysis

Art Explorers Inc is a registered charity in United States, based in Fort Bragg, CA. It received its IRS tax-exemption ruling in June 2000, 26 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 December 2023, Art Explorers Inc reported income of $261k and spending of $261k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $261k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income dropped by 104%. 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, Art Explorers Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Valley Performing Arts Council ($261k), Armenian Engineers and Scientists of America Inc ($261k) and Iredell Arts Council Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $99k (38% of expenses). Other salaries and wages came to $61k. At year end it held assets of $516k against liabilities of $1,494, net assets of $515k. It reported 7 employees.