Heal the Ocean

Analysis

Heal the Ocean is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Heal the Ocean reported income of $1.6m and spending of $847k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $1.6m (+196%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 64% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Heal the Ocean sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include New England Water Environment Assoc ($1.6m), Garden Raised Bounty ($1.6m) and Opportunity Ministries Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $156k (18% of expenses). Other salaries and wages came to $164k. At year end it held assets of $2.1m against liabilities of $42k, net assets of $2.1m. It reported 8 employees.