Memphis Zoo Inc

Analysis

Memphis Zoo Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1973, 53 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 June 2023, Memphis Zoo Inc reported income of $25.9m and spending of $34.8m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $25.9m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 106% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Memphis Zoo Inc 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 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Austin Pets Alive ($25.8m), American Humane Association ($25.9m) and Johnny Morris Ozarks Heritage Preserve ($25.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $1.1m (3.2% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $13.4m against liabilities of $7.8m, net assets of $5.6m. It reported 606 employees.