Ocearch

Analysis

Ocearch is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Ocearch reported income of $913k and spending of $893k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $841k to $913k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Ocearch sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include Fluff Animal Rescue Inc ($913k), Bella Foundation ($914k) and Animal Protection League Inc ($912k).

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 $219k. At year end it held assets of $203k against liabilities of $146k, net assets of $56k. It reported 5 employees.