Ocean Habitat and Wildlife Rescue Inc

Analysis

Ocean Habitat and Wildlife Rescue Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Habitat and Wildlife Rescue Inc reported income of $13.2m and spending of $5.4m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $13.2m (+382%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 206%. Over the whole period it spent 41% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Ocean Habitat and Wildlife Rescue Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Pennsylvania Society for the Prevention of Cruelty to Animals ($13.2m), Save the Chimps Inc ($13.2m) and Humane Society of Tampa Bay Inc ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (0.6% of expenses). At year end it held assets of $32.5m against liabilities of $0, net assets of $32.5m.