Oceanswide Inc

Analysis

Oceanswide Inc is a registered charity in United States, based in Newcastle, ME. It received its IRS tax-exemption ruling in September 2007, 19 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, Oceanswide Inc reported income of $101k and spending of $198k, spending 195% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $201k to $101k (-50%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 106% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Oceanswide Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 31st percentile within ME. Charities of a similar size with the same main cause include Pearl Fryar Topiary Garden ($101k), Solar Light for Africa Ltd ($101k) and Pacific Salmon Conservation Foundation ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $18k. At year end it held assets of $65k against liabilities of $136k, net assets of -$70k.