The Maryland Zoological Society Inc

Analysis

The Maryland Zoological Society Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 June 2023, The Maryland Zoological Society Inc reported income of $21.6m and spending of $22.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.5m to $21.6m (-27%), an average of -7.4% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The Maryland Zoological Society Inc 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 97th percentile within MD. Charities of a similar size with the same main cause include Humane Society of the Pikes Peak Region ($21.6m), Southern Southeast Regional Aquaculture Association ($22.1m) and Clearwater Marine Aquarium Inc ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $518k (2.3% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $71.3m against liabilities of $4.2m, net assets of $67.1m. It reported 241 employees.