Turtle Bay Exploration Park

Analysis

Turtle Bay Exploration Park is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in July 1995, 31 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 December 2023, Turtle Bay Exploration Park reported income of $5.6m and spending of $7.4m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.6m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turtle Bay Exploration Park sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Alabama Symphonic Association Inc ($5.6m), Circle Lodge-Camp Kinder Ring of the Workmens Circle Incorporated ($5.6m) and 18th Street Arts Complex ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $199k (2.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $42.2m against liabilities of $3.1m, net assets of $39.0m. It reported 95 employees.