Ocean Science International Inc

Analysis

Ocean Science International Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Ocean Science International Inc reported income of $3.6m and spending of $294k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $3.6m (+637%), an average of +65% a year. The sharpest change came in the year to December 2022, when income dropped by 118%. Over the whole period it spent 20% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ocean Science International Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Giovanni Armenise-Harvard Foundation for Scientific Research ($3.6m), Southeast Clinical Oncology Research Consortium Inc ($3.6m) and Colonial House Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 5.6% of the total. At year end it held assets of $4.5m against liabilities of $571, net assets of $4.5m.