Loggerhead Marinelife Center Inc

Analysis

Loggerhead Marinelife Center Inc is a registered charity in United States, based in Juno Beach, FL. It received its IRS tax-exemption ruling in December 1988, 38 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 (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, Loggerhead Marinelife Center Inc reported income of $9.7m and spending of $9.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.1m to $9.7m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loggerhead Marinelife Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Oslc Developments Inc ($9.7m), Wiscnet ($9.7m) and Carolina Ballet Inc ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $654k (6.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $32.5m against liabilities of $8.2m, net assets of $24.3m. It reported 118 employees.