Sociedad Ambiente Marino Inc

Analysis

Sociedad Ambiente Marino Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sociedad Ambiente Marino Inc reported income of $1.0m and spending of $959k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $693k to $1.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sociedad Ambiente Marino Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 71st percentile within PR. Charities of a similar size with the same main cause include The Outdoor Foundation ($1.0m), Thomas Hart Academy ($1.0m) and Prairie Hill Learning Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $265k. At year end it held assets of $580k against liabilities of $0, net assets of $580k.