Florida Aquarium Inc

Analysis

Florida Aquarium Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 2018, 8 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, Florida Aquarium Inc reported income of $40.7m and spending of $31.9m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.2m to $40.7m (+83%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 135%. Over the whole period it spent 82% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Florida Aquarium Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Fresnos Chaffee Zoo Corporation ($40.4m), Arizona Humane Society ($40.9m) and Lowry Park Zoological Society of Tampa Inc ($39.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.3m (4.0% of expenses). Other salaries and wages came to $13.7m. It paid $26k in professional fundraising fees. At year end it held assets of $55.7m against liabilities of $5.8m, net assets of $50.0m. It reported 420 employees.