National Aquarium Inc

Analysis

National Aquarium Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1979, 47 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, National Aquarium Inc reported income of $55.6m and spending of $54.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50.2m to $55.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 101% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, National Aquarium Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Detroit Zoological Society ($54.3m), Aquarium of the Pacific ($57.0m) and Seattle Aquarium Society-Seas ($53.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $2.1m (4.0% of expenses). Other salaries and wages came to $17.3m. It paid $662k in professional fundraising fees. At year end it held assets of $108.9m against liabilities of $44.4m, net assets of $64.4m. It reported 442 employees.