Ocean Sole Africa Inc

Analysis

Ocean Sole Africa Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in June 2022, 4 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 2022, Ocean Sole Africa Inc reported income of $339k and spending of $490k, spending 145% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $274k to $339k (+24%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 114% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean Sole Africa Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Izaak Walton League of America Inc ($339k), Smart Buildings Center Education Program ($339k) and Tulsa Bike Share Inc ($339k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.3m against liabilities of $376k, net assets of $942k.