Ocean Connections Inc

Analysis

Ocean Connections Inc is a registered charity in United States, based in Nashotah, WI. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean Connections Inc reported income of $743k and spending of $845k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $743k (+177%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 106% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Ocean Connections Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Upper Columbia Salmon Recovery Board ($743k), Animal Welfare Society of Kerr County Texas ($743k) and Animal Advocates ($742k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $500k. At year end it held assets of $230k against liabilities of $440k, net assets of -$210k. It reported 20 employees.