Ocean Corporation Education Foundation

Analysis

Ocean Corporation Education Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2019, 7 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 Corporation Education Foundation reported income of $60k and spending of $210k, spending 350% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $60k (+0.0%), an average of +0.0% a year. Over the whole period it spent 175% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Corporation Education Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Blue and Gold Standard Inc ($60k), Preschool Learning Center Inc ($60k) and Wright Minded ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.