Florida Ocean Alliance Inc

Analysis

Florida Ocean Alliance Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 2001, 25 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 December 2023, Florida Ocean Alliance Inc reported income of $70k and spending of $93k, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $327k to $70k (-78%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Ocean Alliance Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Martha Connerton Kinetic Works Inc ($70k), Kazimierz Pulaski Polish Language School Inc ($70k) and Los Angeles Chamber Choir Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $85k against liabilities of $1,298, net assets of $83k.