Norfolk Botanical Garden Inc

Analysis

Norfolk Botanical Garden Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Norfolk Botanical Garden Inc reported income of $16.6m and spending of $14.1m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $16.6m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 69% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Norfolk Botanical Garden Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Conservation Law Foundation Inc ($16.5m), Phipps Conservatory and Botanical Gardens Inc ($16.8m) and Calcef Innovations ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $611k (4.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $47.4m against liabilities of $2.5m, net assets of $44.9m. It reported 163 employees.