Mississippi Aquarium

Analysis

Mississippi Aquarium is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in June 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 (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, Mississippi Aquarium reported income of $7.0m and spending of $9.2m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $704k to $7.0m (+891%), an average of +77% a year. The sharpest change came in the year to December 2020, when income rose by 976%. Over the whole period it spent 96% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Mississippi Aquarium 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 94th percentile within MS. Charities of a similar size with the same main cause include Wild Animal Initiative Inc ($7.0m), The Humane Society of Boulder Valley Inc ($7.1m) and Northshore Humane Society ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $675k (7.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.8m against liabilities of $5.5m, net assets of $1.3m. It reported 165 employees.