Oceans of Mercy

Analysis

Oceans of Mercy is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Oceans of Mercy reported income of $66k and spending of $62k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $66k (+3.9%), an average of +3.9% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oceans of Mercy sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Western Reserve Association No 3 Trust ($66k), Bill Cartledge Ministries Foundation Inc ($66k) and Reach India International ($66k).

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 $47k against liabilities of $0, net assets of $47k.