Marine Cleanup Initiative Inc

Analysis

Marine Cleanup Initiative Inc is a registered charity in United States, based in Port Saint Lucie, FL. It received its IRS tax-exemption ruling in October 2010, 16 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 2023, Marine Cleanup Initiative Inc reported income of $66k and spending of $66k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $66k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 128% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Marine Cleanup Initiative Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Paiute Atv Trail Committee ($66k), New Jersey Committee of the Garden Club of America ($66k) and Wetland Conservancy Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.