Global Ocean Health

Analysis

Global Ocean Health is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 March 2024, Global Ocean Health reported income of $526k and spending of $877k, spending 167% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $961k to $526k (-45%), an average of -45% a year. The sharpest change came in the year to March 2024, when income dropped by 45%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Global Ocean Health sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include American Camellia Society ($525k), Lake Champlain International Inc ($526k) and Ranchers Stewardship Alliance Inc ($525k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $111k (13% of expenses). Other salaries and wages came to $16k. At year end it held assets of $453k against liabilities of $9,259, net assets of $444k.