Plastic Oceans International

Analysis

Plastic Oceans International is a registered charity in United States, based in Malibu, 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, Plastic Oceans International reported income of $197k and spending of $335k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $636k to $197k (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 62%. Over the whole period it spent 112% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Plastic Oceans International sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Poudre River Trail Corridor Inc ($197k), Crabtree Neck Land Trust ($197k) and Androscoggin Land Trust Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $297k against liabilities of $0, net assets of $297k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.