Clearwater Marine Aquarium Inc

Analysis

Clearwater Marine Aquarium Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in November 1973, 53 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, Clearwater Marine Aquarium Inc reported income of $21.3m and spending of $26.3m, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $37.4m to $21.3m (-43%), an average of -13% a year. The sharpest change came in the year to September 2021, when income rose by 175%. Over the whole period it spent 80% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Clearwater Marine 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 South Carolina Aquarium ($21.0m), Humane Society of the Pikes Peak Region ($21.6m) and Point Reyes Bird Observatory ($20.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.2m (4.8% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $108.4m against liabilities of $25.7m, net assets of $82.7m. It reported 362 employees.