Blue Ocean Society for Marine Conservation Inc

Analysis

Blue Ocean Society for Marine Conservation Inc is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in March 2002, 24 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 April 2024, Blue Ocean Society for Marine Conservation Inc reported income of $484k and spending of $385k, leaving 21% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $260k to $484k (+86%), an average of +17% a year. The sharpest change came in the year to April 2024, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Blue Ocean Society for Marine Conservation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include The Cloud Foundation ($484k), Pacific Pug Rescue Inc ($484k) and Lancaster SPCA ($484k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 61% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $131k (34% of expenses). Other salaries and wages came to $94k. At year end it held assets of $151k against liabilities of $520, net assets of $150k. It reported 20 employees.