Ships of Exploration and Discovery Research

Analysis

Ships of Exploration and Discovery Research is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, Ships of Exploration and Discovery Research reported income of $386k and spending of $370k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $762k to $386k (-49%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 339%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ships of Exploration and Discovery Research sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include Raven Hill Discovery Center ($386k), Houston Boychoir Inc ($386k) and Dance Arts Los Alamos ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (5.8% of expenses). At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 2 employees.