Sustainable Ocean Alliance Inc

Analysis

Sustainable Ocean Alliance Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 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, Sustainable Ocean Alliance Inc reported income of $5.3m and spending of $7.1m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $5.3m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 295%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sustainable Ocean Alliance Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Northeast States for Coordinated Air Use Management Inc ($5.3m), Cfa Interpretive Association ($5.3m) and Ecology Project International ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $887k (12% of expenses). Other salaries and wages came to $1.4m. It paid $121k in professional fundraising fees. At year end it held assets of $10.0m against liabilities of $346k, net assets of $9.7m. It reported 22 employees.