Innoceana

Analysis

Innoceana is a registered charity in United States, based in Kentfield, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, Innoceana reported income of $807k and spending of $538k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $807k (+308%), an average of +308% a year. The sharpest change came in the year to December 2023, when income rose by 308%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Innoceana sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Newtown Square Fire Co No 1 Inc ($807k), Save-An-Angel LLC ($807k) and Glenwood South ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $46k (8.5% of expenses). Other salaries and wages came to $147k. At year end it held assets of $380k against liabilities of $0, net assets of $380k.