Oceans Unmanned Inc

Analysis

Oceans Unmanned Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 2016, 10 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, Oceans Unmanned Inc reported income of $89k and spending of $118k, spending 132% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $310k to $89k (-71%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 90% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Oceans Unmanned Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Boca Raton Garden Club Inc ($89k), Snyder Christian Environmental Preservation Foundation ($90k) and Renewables 100 Policy Institute ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,000 (2.5% of expenses). At year end it held assets of $165k against liabilities of $0, net assets of $165k.