Oceans Ministries

Analysis

Oceans Ministries is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in March 2015, 11 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oceans Ministries reported income of $696k and spending of $558k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $445k to $696k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oceans Ministries sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Pflag Greater Boston ($695k), The Nurtury ($696k) and Ingalls Creek Enrichment Center ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $94k (17% of expenses). Other salaries and wages came to $71k. At year end it held assets of $926k against liabilities of $34k, net assets of $892k. It reported 2 employees.