World Ocean Council

Analysis

World Ocean Council is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, World Ocean Council reported income of $655k and spending of $791k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $498k to $655k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 242%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Ocean Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Tipping Point Theatre ($655k), National Society Colonial Dames Xvii Century ($656k) and George London Foundation for Singers Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $180k (23% of expenses). At year end it held assets of $413k against liabilities of $864k, net assets of -$451k. It reported 1 employees.