Cox Science Center and Aquarium Inc

Analysis

Cox Science Center and Aquarium Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in April 1959, 67 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Cox Science Center and Aquarium Inc reported income of $23.1m and spending of $7.6m, leaving 67% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $23.1m (+319%), an average of +43% a year. The sharpest change came in the year to September 2022, when income rose by 289%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cox Science Center and Aquarium Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Seventh Regiment Armory Conservancy Inc ($23.0m), Indiana Symphony Society Inc ($23.1m) and Connecticut Public Broadcasting Inc ($22.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $331k (4.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $46.9m against liabilities of $902k, net assets of $46.0m. It reported 102 employees.