World Ocean Observatory

Analysis

World Ocean Observatory is a registered charity in United States, based in Sedgwick, ME. It received its IRS tax-exemption ruling in July 2014, 12 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, World Ocean Observatory reported income of $128k and spending of $173k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $128k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 145% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, World Ocean Observatory sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 36th percentile within ME. Charities of a similar size with the same main cause include Big River Park Conservancy ($128k), First Peoples Conservation Council of Louisiana ($128k) and Land Trust of Bucks County ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. At year end it held assets of $24k against liabilities of $16k, net assets of $7,207.