Rhode Island Zoological Society

Analysis

Rhode Island Zoological Society is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Rhode Island Zoological Society reported income of $15.2m and spending of $13.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $15.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 85% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Rhode Island Zoological Society sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include Oregon Coast Aquarium Inc ($15.1m), Northern Southeast Regional Aquaculture Association Inc ($15.2m) and Farm Sanctuary Inc ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $246k (1.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $14.8m against liabilities of $2.4m, net assets of $12.4m. It reported 310 employees.