Explore Forest City

Analysis

Explore Forest City is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in April 2019, 7 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 2024, Explore Forest City reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $45k to $62k (+37%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 96% 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 Forest City sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Belfast Museum Inc ($62k), Virginia Grand Military Band Incorporated ($62k) and Hispanic Women of Weld County ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $28k against liabilities of $657, net assets of $27k.