New England Aquarium Corporation

Analysis

New England Aquarium Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1960, 66 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2023, New England Aquarium Corporation reported income of $65.4m and spending of $53.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.9m to $65.4m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 84% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, New England Aquarium Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Governors Island Corporation ($65.2m), Rocky Mountain Elk Foundation Inc ($66.0m) and Woodland Park Zoological Society ($64.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $3.6m (6.8% of expenses). Other salaries and wages came to $15.6m. It paid $126k in professional fundraising fees. At year end it held assets of $123.2m against liabilities of $28.1m, net assets of $95.1m. It reported 383 employees.