Florida Ocean Clean-Up Society Inc

Analysis

Florida Ocean Clean-Up Society Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Florida Ocean Clean-Up Society Inc reported income of $96k and spending of $95k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $96k (-8.5%), an average of -8.5% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Florida Ocean Clean-Up Society Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Bridges Healthcare Inc ($96k), Greek Childrens Fund at Memorial Sloan Kettering Cancer Center ($96k) and Consider Haiti ($96k).

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 $2,424 against liabilities of $0, net assets of $2,424.