Potter Park Zoological Society

Analysis

Potter Park Zoological Society is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1977, 49 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, Potter Park Zoological Society reported income of $2.0m and spending of $3.4m, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 72% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Potter Park Zoological Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Humane Society of Greater Kansas City ($2.0m), Ridges Sanctuary Inc ($2.0m) and Human Animal Bond Research Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $122k (3.6% of expenses). Other salaries and wages came to $521k. At year end it held assets of $3.2m against liabilities of $248k, net assets of $2.9m. It reported 34 employees.