Operation Deep Blue Corp

Analysis

Operation Deep Blue Corp is a registered charity in United States, based in Ramsey, NJ. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Operation Deep Blue Corp reported income of $166k and spending of $132k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $166k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Deep Blue Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Santa Clarita Valley Youth Orchestra ($166k), Dallas Dressage Club ($166k) and Weavertown Fire Co 1 ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. At year end it held assets of $98k against liabilities of $4,112, net assets of $94k.