Species360

Analysis

Species360 is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 December 2023, Species360 reported income of $7.4m and spending of $7.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.4m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Species360 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 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include National High School Rodeo Association Inc ($7.4m), Good Shepherd Children and Family Services ($7.4m) and American Association of Individual Investors ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.3m (18% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $10.1m against liabilities of $4.9m, net assets of $5.2m. It reported 35 employees.