Lake Superior Zoological Society

Analysis

Lake Superior Zoological Society is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1969, 57 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 Superior Zoological Society reported income of $2.9m and spending of $2.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.9m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lake Superior 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include White Buffalo Inc ($2.9m), International Bird Rescue ($2.9m) and Sky Dog Sanctuary Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $105k (4.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.7m against liabilities of $434k, net assets of $1.3m. It reported 93 employees.