One with the Ocean

Analysis

One with the Ocean is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, One with the Ocean reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $62k (+9.9%), an average of +9.9% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One with the Ocean sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Feed Branford Kids Inc ($62k), Simi Valley Cultural Arts Center Foundation ($62k) and International Federation for Home Economics United States ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,165 against liabilities of $239, net assets of $4,926.