Virginia Aquarium & Marine Science Center Foundation Inc

Analysis

Virginia Aquarium & Marine Science Center Foundation Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 1983, 43 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 June 2024, Virginia Aquarium & Marine Science Center Foundation Inc reported income of $5.0m and spending of $3.8m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.0m to $5.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Aquarium & Marine Science Center Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Virginia Foundation for Community College Education ($5.0m), Inter Parish Ministry ($5.0m) and National Center for LGBTQ Rights ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 27% of the total. Other salaries and wages came to $667k. At year end it held assets of $36.6m against liabilities of $381k, net assets of $36.2m.