Valley Zoological Society Chartered May 1968

Analysis

Valley Zoological Society Chartered May 1968 is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in June 1982, 44 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 December 2023, Valley Zoological Society Chartered May 1968 reported income of $8.1m and spending of $8.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $8.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Valley Zoological Society Chartered May 1968 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Resolve Inc ($8.1m), Zoo Miami Foundation Inc ($8.1m) and The Legacy Senior Communities Foundation ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $231k (2.8% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $14.3m against liabilities of $2.0m, net assets of $12.3m. It reported 155 employees.