Algalita Marine Research and Education

Analysis

Algalita Marine Research and Education is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Algalita Marine Research and Education reported income of $489k and spending of $473k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $546k to $489k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Algalita Marine Research and Education sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include National Center for Health Research Incorporated ($489k), Sandler Center for the Performing Arts Foundation ($490k) and Divan Cultural Center ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $115k. At year end it held assets of $761k against liabilities of $227k, net assets of $534k. It reported 3 employees.