Ocean Research Project Inc

Analysis

Ocean Research Project Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2012, 14 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 June 2023, Ocean Research Project Inc reported income of $187k and spending of $211k, spending 113% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $301k to $187k (-38%), an average of -38% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean Research Project Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Forest Conservancy ($187k), Solar Oregon ($187k) and Iron Range Partnership for Sustainability ($187k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $1,570, net assets of $41k.