Ocean Grants Foundation

Analysis

Ocean Grants Foundation is a registered charity in United States, based in Lighthouse Pt, FL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ocean Grants Foundation reported income of $69k and spending of $52k, leaving 25% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $270k to $69k (-74%), an average of -49% a year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 36% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean Grants Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Yellowstone to Uintas Connection ($69k), Cheh River Basin Land Trust ($69k) and Garden Club of Somerset Hills ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $113k against liabilities of $113k, net assets of -$71.