Explore Academy Las Vegas

Analysis

Explore Academy Las Vegas is a registered charity in United States, based in N Las Vegas, NV. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Explore Academy Las Vegas reported income of $2.5m and spending of $3.7m, spending 147% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.6m to $2.5m (+57%), an average of +57% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 142% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explore Academy Las Vegas sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include Abc Institute Inc ($2.5m), United School for Autism ($2.5m) and Global Liver Institute Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $58k (1.6% of expenses). At year end it held assets of $13.0m against liabilities of $14.3m, net assets of -$1.2m. It reported 32 employees.