Explorers Academy of Science and Technology

Analysis

Explorers Academy of Science and Technology is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in January 2022, 4 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, Explorers Academy of Science and Technology reported income of $3.2m and spending of $3.0m, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.0m to $3.2m (+58%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explorers Academy of Science and Technology sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Icon Preparatory School Jacksonville Inc ($3.2m), Valor Preparatory Academy ($3.2m) and Statesville Christian School Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.7m against liabilities of $2.4m, net assets of $303k. It reported 37 employees.