Northern Southeast Regional Aquaculture Association Inc

Analysis

Northern Southeast Regional Aquaculture Association Inc is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in October 1977, 49 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 June 2023, Northern Southeast Regional Aquaculture Association Inc reported income of $15.2m and spending of $10.7m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.8m to $15.2m (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 74% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Northern Southeast Regional Aquaculture Association Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Rhode Island Zoological Society ($15.2m), Wildlife Alliance Inc ($15.3m) and Oregon Coast Aquarium Inc ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $201k (1.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $36.5m against liabilities of $4.1m, net assets of $32.4m. It reported 87 employees.