Ocean First Institute

Analysis

Ocean First Institute is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in May 2015, 11 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 June 2023, Ocean First Institute reported income of $433k and spending of $404k, spending 93% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $209k to $433k (+107%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean First Institute sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Kates Detective and Security Academy Inc ($433k), Council for American Private Education ($433k) and Scribbles Preschool Inc ($433k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $85k (21% of expenses). At year end it held assets of $146k against liabilities of $54k, net assets of $92k.