Oceana Inc

Analysis

Oceana Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2000, 26 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, Oceana Inc reported income of $46.5m and spending of $45.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.6m to $46.5m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Oceana Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Clean Air Task Force Inc ($46.3m), C40 Cities Climate Leadership Group Inc ($47.2m) and Appalachian Mountain Club ($46.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2.5m (5.4% of expenses). Other salaries and wages came to $20.8m. It paid $172k in professional fundraising fees. At year end it held assets of $74.7m against liabilities of $13.4m, net assets of $61.3m. It reported 150 employees.