Inner Ocean

Analysis

Inner Ocean is a registered charity in United States, based in Erie, CO. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Inner Ocean reported income of $119k and spending of $91k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $119k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inner Ocean 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 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include Amish Mennonite Community Medical Charitable Trust ($119k), Lifequest Christian Counselingservices Inc ($120k) and Camelot Supportive Housing ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.