Northeastern Regional Association of Coastal Ocean Observation Syste

Analysis

Northeastern Regional Association of Coastal Ocean Observation Syste is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, Northeastern Regional Association of Coastal Ocean Observation Syste reported income of $4.4m and spending of $4.2m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.4m to $4.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northeastern Regional Association of Coastal Ocean Observation Syste sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NH. Charities of a similar size with the same main cause include Grub Street Inc ($4.4m), Actors Playhouse Productions Inc ($4.4m) and National Braille Press Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $326k (7.8% of expenses). Other salaries and wages came to $357k. At year end it held assets of $984k against liabilities of $403k, net assets of $580k. It reported 8 employees.