Governors Island Corporation

Analysis

Governors Island Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2010, 16 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, Governors Island Corporation reported income of $65.2m and spending of $54.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.0m to $65.2m (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 110% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Governors Island 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 98th percentile within NY. Charities of a similar size with the same main cause include Woodland Park Zoological Society ($64.7m), New England Aquarium Corporation ($65.4m) and San Antonio Zoological Society Inc ($63.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $1.1m (2.0% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $379.5m against liabilities of $55.6m, net assets of $323.9m. It reported 106 employees.