San Diego Society of Natural History Balboa Park

Analysis

San Diego Society of Natural History Balboa Park is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1925, 101 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 June 2023, San Diego Society of Natural History Balboa Park reported income of $27.3m and spending of $13.5m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.8m to $27.3m (+153%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Society of Natural History Balboa Park 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Rocky Mountain Public Media Inc ($27.0m), National Minority Supplier Development Council Inc ($27.3m) and Cincinnati Museum Association ($26.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $862k (6.4% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $75.0m against liabilities of $2.3m, net assets of $72.7m. It reported 237 employees.