Walter Munk Foundation for the Oceans

Analysis

Walter Munk Foundation for the Oceans is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in May 2019, 7 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, Walter Munk Foundation for the Oceans reported income of $700k and spending of $659k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $700k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Walter Munk Foundation for the Oceans sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Land Core ($700k), Clinton River Watershed Council ($700k) and Apalachicola Bay and River Keeper Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $140k. At year end it held assets of $144k against liabilities of $16k, net assets of $128k. It reported 4 employees.