Oceanarium and Education Center

Analysis

Oceanarium and Education Center is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Oceanarium and Education Center reported income of $325k and spending of $381k, spending 117% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $30k to $325k (+984%), an average of +229% a year. The sharpest change came in the year to December 2021, when income rose by 2400%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oceanarium and Education Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Rayes Mustard Mil Museum ($325k), Friends of the Minnesota Sinfonia ($325k) and California State Band Championships ($325k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $676k against liabilities of $436, net assets of $675k. It reported 6 employees.