Ducks Unlimited Inc
1 Waterfowl Way, Memphis, TN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $380,340,506 | $386,688,706 | $373,147,068 |
| FY2024 | $443,553,486 | $318,202,052 | $377,793,076 |
| FY2023 | $302,178,704 | $291,198,785 | $263,763,691 |
| FY2022 | $339,454,630 | $256,536,537 | $241,323,534 |
| FY2021 | $215,328,335 | $220,439,350 | $169,823,137 |
| FY2020 | $185,369,449 | $209,625,908 | $151,878,891 |
| FY2019 | $201,529,617 | $192,199,482 | $181,554,092 |
| FY2018 | $192,778,583 | $182,595,609 | $172,054,684 |
| FY2017 | $190,924,990 | $173,999,727 | $164,939,619 |
| FY2016 | $202,398,122 | $176,615,959 | $137,287,990 |
| FY2015 | $209,619,176 | $186,270,439 | $119,935,935 |
| FY2014 | $178,406,052 | $172,672,379 | $101,120,378 |
| FY2013 | $172,342,451 | $153,845,715 | $87,454,652 |
| FY2012 | $153,872,987 | $147,375,977 | $53,499,721 |
Form 990 filings
The returns filed by Ducks Unlimited Inc (EIN 13-5643799), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $338,916,982 | 89% |
| Program service revenue | $28,228,320 | 7% |
| Other revenue | $13,195,204 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $330,724,624 | 86% |
| Management & general | $8,694,631 | 2% |
| Fundraising | $47,269,451 | 12% |
What the numbers show
- Contributions & grants made up 89% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 2%, and fundraising 12%.
- 86% of functional expenses went to program services in FY2025. That is higher than 62.6% of 334 Environment organizations nationwide (too few in TN for a state comparison).
- Net assets covered about 11.6 months of expenses at the end of the reporting year. That puts it in the 35th percentile among 107 Environment organizations in TN.
- Total revenue was the highest among 111 Environment organizations in TN.
- Total revenue rose from $153,872,987 in FY2012 to $380,340,506 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2020, FY2021, FY2025).
- The highest revenue on record here is $443,553,486 in FY2024.
- Net assets grew from $53,499,721 to $373,147,068 between FY2012 and FY2025.
- Contributions and grants made up 95% of revenue in FY2012 and 89% in FY2025.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
DUCKS UNLIMITED, INC. CONSERVES, RESTORES, AND MANAGES WETLANDS AND ASSOCIATED HABITATS FOR NORTH AMERICA'S WATERFOWL. THESE HABITATS ALSO BENEFIT OTHER WILDLIFE AND PEOPLE.
IRS status
| Ruling year | 1956 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | C32Z — Environment |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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