Charity Search / PROJECT EXPLORATION
Arts, Culture & Humanities (A56) IRS Verified DX Registered 990 on File

PROJECT EXPLORATION

EIN: 36-4305660 · CHICAGO, IL 60653-0000 · United States · FY 2025 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 62/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
CharityAI™ Score
Not yet evaluated
Mission Statement

Project Exploration is a nationally recognized nonprofit science education and youth development organization whose mission is to make science and engineering accessible to traditionally overlooked communities, particularly minority youth and girls. Since 1999, Project Exploration has engaged over 1,500 Chicago Public School students in hands-on experiences with real science and real scientists, and has provided critical leadership in the national conversation about out-of-school time STEM education. Our student-centered approach promotes long-term relationships between students and scientists, and empowers youth to become active partners in their education by encouraging them to study science-related topics that they find interesting. There are no fees or academic prerequisites, and we strive to recruit students who are inquisitive and ambitious, but are not necessarily “straight-A” students. Experiences in these programs build students’ self-confidence, increase their leadership, teamwork, and communication skills, and give them the tools to become thoughtful, inquisitive, and successful adults. Regardless of topic, we strive to help students believe – “Science is a community that welcomes me and values me for who I am.” Nearly 85% of Project Exploration students come from low-income families; in 2014 roughly 33% are Latino and 47% African American ; 75% are female. Most will become the first in their family to attend college.

Financial Overview — FY 2025
$2.2M
Total Revenue
$2.8M
Total Expenses
$-61,153
Net Assets
26
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 84.5%
Fundraising Efficiency N/A
Operating Reserve -0.27x
Liability-to-Asset 107.1%
Revenue Diversification 96.3%
Executive Compensation $124K
Compared with Peers
FY 2025
Compared with 2,263 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
84.5% 77.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.3% 14.2%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
5.2% 5.8%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
-0.3 mo 15.8 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
107.1% 11.4%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
96.3% 71.6%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
6.8% 7.5%
P10P90
Expense growth
Year over year expense growth
45.2% 5.6%
P10P90
Surplus margin
Surplus as a share of revenue
-24.5% 0.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $2.2M $2.8M $-61,153 84.5% 26
2024 $2.1M $1.9M $348K 74.4% 21
2023 $1.3M $1.5M $163K 76.5% 13
2022 $1.4M $1.3M $365K 67.9% 14
2021 $1.5M $1.5M N/A — 14
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Organization Details
EIN
36-4305660
State
IL
City
CHICAGO
ZIP
60653-0000
Classification
A56
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1999
Foundation Code
15
Form 990
On File
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