Ocean Discovery Institute

Analysis

Ocean Discovery Institute is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ocean Discovery Institute reported income of $4.5m and spending of $3.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.5m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Discovery Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Le Lycee Francais Et International de San Diego ($4.5m), Lowcountry Montessori School ($4.5m) and Providence Preparatory Charter School ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $506k (14% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $20.1m against liabilities of $10.5m, net assets of $9.6m. It reported 60 employees.