Clean Oceans Project

Analysis

Clean Oceans Project is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in February 2011, 15 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 June 2024, Clean Oceans Project reported income of $148k and spending of $118k, spending 80% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $185k to $148k (-20%), an average of -20% a year. The sharpest change came in the year to June 2024, when income dropped by 20%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clean Oceans Project sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include India Center Inc ($148k), Music Guild of New Mexico Inc ($148k) and Standing Bear Native American FNDN ($148k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 101% of the total. At year end it held assets of $164k against liabilities of $2,793, net assets of $161k.