Harbor Branch Oceanographic Institution Foundation Inc

Analysis

Harbor Branch Oceanographic Institution Foundation Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Harbor Branch Oceanographic Institution Foundation Inc reported income of $3.7m and spending of $7.0m, spending 189% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.6m to $3.7m (-19%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income rose by 109%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harbor Branch Oceanographic Institution Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Folksbiene Yiddish Theatre Inc ($3.7m), Sarcoma Foundation of America Inc ($3.7m) and Breckenridge Creative Arts ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $115k. At year end it held assets of $100.2m against liabilities of $1.8m, net assets of $98.4m. It reported 2 employees.