Southeast Coastal Ocean Observing Regional Association

Analysis

Southeast Coastal Ocean Observing Regional Association is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Southeast Coastal Ocean Observing Regional Association reported income of $6.3m and spending of $5.9m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $6.3m (+62%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Coastal Ocean Observing Regional Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Northeast Indian Works Inc ($6.3m), Regional Plan Association Inc ($6.3m) and Sunflower-Humphreys Counties ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $126k (2.1% of expenses). Other salaries and wages came to $384k. At year end it held assets of $2.5m against liabilities of $1.3m, net assets of $1.2m. It reported 6 employees.