Oyster Recovery Partnership Inc

Analysis

Oyster Recovery Partnership Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oyster Recovery Partnership Inc reported income of $7.9m and spending of $8.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $7.9m (+27%), an average of +6.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oyster Recovery Partnership Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include National Rural Health Association ($7.9m), Strafford Learning Center ($7.9m) and Pickens County Young Mens Christian Association ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $193k (2.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $475k, net assets of $1.4m. It reported 20 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.