Racine Zoological Society

Analysis

Racine Zoological Society is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in March 1957, 69 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, Racine Zoological Society reported income of $2.6m and spending of $3.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $2.6m (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 73% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Racine Zoological Society sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Humane Society - Lake County Area ($2.6m), Community Spay Neuter Initiative Partnership C-Snip ($2.6m) and Bakersfield Society for the Prevention Cruelty to Animals Corp ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $122k (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.9m against liabilities of $320k, net assets of $7.5m. It reported 49 employees.