Clean Ocean Action Inc

Analysis

Clean Ocean Action Inc is a registered charity in United States, based in Long Branch, NJ. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Clean Ocean Action Inc reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $814k to $1.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Clean Ocean Action Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Charleston Parks Conservancy ($1.1m), West Atlanta Watershed Alliance Inc ($1.1m) and San Antonio River Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $150k (15% of expenses). Other salaries and wages came to $500k. At year end it held assets of $3.1m against liabilities of $14k, net assets of $3.1m. It reported 20 employees.