Ocean Blue Project Inc

Analysis

Ocean Blue Project Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Ocean Blue Project Inc reported income of $256k and spending of $94k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2020 to December 2023, income grew from $114k to $256k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ocean Blue Project Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include The Michigan High School Football Association Inc ($256k), Youth for Christ USA Inc ($256k) and Silver Stallion Bicycle & Coffee Works Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.