Experience Reality Inc

Analysis

Experience Reality Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Experience Reality Inc reported income of $5.7m and spending of $148k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $5.7m (+13893%), an average of +13893% a year. The sharpest change came in the year to December 2023, when income rose by 13893%. Over the whole period it spent 3.3% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Experience Reality Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Jewish Community Foundation Inc ($5.7m), Lutheran Outdoors Ministry of Texas Inc ($5.7m) and Friends of the Great Commission ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $6.4m against liabilities of $100k, net assets of $6.3m.