California Ocean Alliance

Analysis

California Ocean Alliance is a registered charity in United States, based in Aptos, CA. It received its IRS tax-exemption ruling in March 2017, 9 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 (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, California Ocean Alliance reported income of $476k and spending of $575k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $476k (+379%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Ocean Alliance sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Nevada School of the Arts ($476k), Roanoke Childrens Theatre Inc ($476k) and Art & Creativity for Healing Inc ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $2,880 (0.5% of expenses). Other salaries and wages came to $12k. At year end it held assets of $124k against liabilities of $0, net assets of $124k. It reported 2 employees.