FLORIDA AQUARIUM INC
Mission Statement
The Florida Aquarium astounds visitors with the beauty and fragility of our eco-system. The facility is home to more than 20,000 aquatic plants and animals from Florida and all over the world. The cornerstone of The Channel District, The Florida Aquarium's mission since opening in 1995 is to entertain, educate and inspire stewardship about our natural environment. It serves as a significant example of Florida's commitment to preserving native landscapes, ecosystems, historical and archaeological sites, and ethnic and cultural traditions representative of the diverse geography and cultural life unique to our state. The Aquarium has provided cultural enrichment experiences to more than seven million visitors, including 100,000 school students and 1,000 teachers annually.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.6% | 82.1% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.0% | 9.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.3% | 6.1% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.1 mo | 23.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
9.6% | 9.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
70.1% | 71.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-0.3% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
14.1% | 8.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
10.3% | 5.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $40.6M | $36.4M | $54.8M | 77.6% | 440 |
| 2023 | $40.7M | $31.9M | $50.0M | 77.7% | 420 |
| 2022 | $35.6M | $27.4M | $40.9M | 76.6% | 327 |
| 2021 | $36.8M | $20.9M | N/A | — | 320 |
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