Foundation for Marine Ecology and Telemetry Research

Analysis

Foundation for Marine Ecology and Telemetry Research is a registered charity in United States, based in Seabeck, WA. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Marine Ecology and Telemetry Research reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Marine Ecology and Telemetry Research sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Radius Books Inc ($1.7m), Lambda Literary Foundation ($1.7m) and Graham Gund Gallery ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $212k (13% of expenses). At year end it held assets of $629k against liabilities of $245k, net assets of $384k. It reported 11 employees.