Ocean Risk and Resilience Action Alliance Inc

Analysis

Ocean Risk and Resilience Action Alliance Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 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, Ocean Risk and Resilience Action Alliance Inc reported income of $6.8m and spending of $6.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $6.8m (+570%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean Risk and Resilience Action Alliance Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Memphis Botanic Garden Foundation Inc ($6.8m), American River Conservancy ($6.8m) and Environmental Law Institute Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $309k (5.1% of expenses). Other salaries and wages came to $655k. At year end it held assets of $5.5m against liabilities of $4.5m, net assets of $1.0m. It reported 4 employees.