Akron Zoological Park

Analysis

Akron Zoological Park is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 1952, 74 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, Akron Zoological Park reported income of $23.9m and spending of $18.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.4m to $23.9m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 82% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Akron Zoological Park 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 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Espanola Valley Humane Society ($23.9m), John Ball Zoo ($24.2m) and Texas State Aquarium Association ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1.4m (7.5% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $95.8m against liabilities of $3.0m, net assets of $92.8m. It reported 349 employees.