Zoological Society of the Palm Beaches Inc

Analysis

Zoological Society of the Palm Beaches Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 September 2023, Zoological Society of the Palm Beaches Inc reported income of $15.4m and spending of $12.6m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.3m to $15.4m (+50%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Zoological Society of the Palm Beaches 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 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Wildlife Alliance Inc ($15.3m), Fort Wayne Zoological Society Inc ($15.7m) and Northern Southeast Regional Aquaculture Association Inc ($15.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $862k (6.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $45.8m against liabilities of $2.2m, net assets of $43.6m. It reported 126 employees.