Center for Marine Education & Recreation at Oyster Bay Inc

Analysis

Center for Marine Education & Recreation at Oyster Bay Inc is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Center for Marine Education & Recreation at Oyster Bay Inc reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Marine Education & Recreation at Oyster Bay 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 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Vermont Association of the Education of Young Children ($1.5m), A Pay It Forward Scholarship Corporation ($1.5m) and Oconnell High School Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 48% of the total. Other salaries and wages came to $938k. At year end it held assets of $1.4m against liabilities of $215k, net assets of $1.2m. It reported 89 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.