Wild Oceans Inc

Analysis

Wild Oceans Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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, Wild Oceans Inc reported income of $466k and spending of $367k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $466k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wild Oceans Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Institute on Religious Life Inc ($466k), Child Guidance Center of Southern CT Inc ($466k) and South Carolina Future Farmers of America Foundation ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $173k (47% of expenses). At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 2 employees.