Oceanic Global Foundation

Analysis

Oceanic Global Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2018, 8 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, Oceanic Global Foundation reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $1.6m (+568%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 80% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Oceanic Global Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Davis Conservation Foundation ($1.6m), Magic Canoe ($1.6m) and Katmai Conservancy ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $212k (15% of expenses). Other salaries and wages came to $336k. At year end it held assets of $1.6m against liabilities of $1.1m, net assets of $540k. It reported 8 employees.