World Aquaculture Society Inc

Analysis

World Aquaculture Society Inc is a registered charity in United States, based in Sorrento, LA. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 March 2023, World Aquaculture Society Inc reported income of $2.3m and spending of $2.2m, spending 98% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $857k to $2.3m (+167%), an average of +39% a year. The sharpest change came in the year to March 2023, when income rose by 1129%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Aquaculture Society 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 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include The Hyde Collection Trust ($2.3m), Pennsylvania Shakespeare Festival ($2.3m) and Care 2 Communities Inc ($2.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.8% and program service revenue 91% of the total. Other salaries and wages came to $103k. At year end it held assets of $1.1m against liabilities of $20k, net assets of $1.1m. It reported 2 employees.