Guy Harvey Ocean Fund Inc

Analysis

Guy Harvey Ocean Fund Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in February 2021, 5 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 2022, Guy Harvey Ocean Fund Inc reported income of $2.4m and spending of $3.0m, spending 124% of what it took in. Across the 6 years on record, from December 2017 to December 2022, income grew from $1.2m to $2.4m (+104%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 307%. Over the whole period it spent 84% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Guy Harvey Ocean Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Quivira Coalition Inc ($2.4m), Northern Virginia Conservation Trust ($2.4m) and Friends of Jawbone Canyon ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $174k (5.8% of expenses). Other salaries and wages came to $746k. At year end it held assets of $2.5m against liabilities of $2.5m, net assets of $34k. It reported 11 employees.