Ocean Conservancy Inc

Analysis

Ocean Conservancy Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1972, 54 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 June 2023, Ocean Conservancy Inc reported income of $48.6m and spending of $51.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.9m to $48.6m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean Conservancy Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Napa County Land Trust ($48.1m), National Network of Abortion Funds ($49.2m) and C40 Cities Climate Leadership Group Inc ($47.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $2.4m (4.7% of expenses). Other salaries and wages came to $16.4m. It paid $871k in professional fundraising fees. At year end it held assets of $96.1m against liabilities of $15.2m, net assets of $81.0m. It reported 182 employees.