The North Carolina Aquarium Society

Analysis

The North Carolina Aquarium Society is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1986, 40 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 December 2023, The North Carolina Aquarium Society reported income of $12.8m and spending of $7.6m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $12.8m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 64% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The North Carolina Aquarium Society sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Society for the Prevention of Cruelty to Animals Wake County Inc ($12.7m), Connecticut Humane Society ($12.8m) and Vancouver Humane Society & Society for the Prevention of Cruelty to a ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $484k (6.4% of expenses). Other salaries and wages came to $1.9m. It paid $187k in professional fundraising fees. At year end it held assets of $41.1m against liabilities of $9.5m, net assets of $31.5m. It reported 133 employees.