Lake Area Zoological Society

Analysis

Lake Area Zoological Society is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Area Zoological Society reported income of $441k and spending of $305k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $441k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 280%. 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, Lake Area Zoological Society sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within SD. Charities of a similar size with the same main cause include Texas Foundation for Animal Care ($441k), Animal Ark Rescue Inc ($441k) and Specialty Purebred Cat Rescue of Southeastern Wi Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. At year end it held assets of $1.8m against liabilities of $185, net assets of $1.8m.