North Gulf Oceanic Society

Analysis

North Gulf Oceanic Society is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in November 1983, 43 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 April 2023, North Gulf Oceanic Society reported income of $336k and spending of $332k, spending 99% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $298k to $336k (+13%), an average of +3.1% a year. The sharpest change came in the year to April 2022, when income rose by 80%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Gulf Oceanic Society sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within AK. Charities of a similar size with the same main cause include Iowa Shrine Bowl Games Inc ($336k), North Myrtle Beach Rescue Squad ($336k) and Coos County Historical Society ($336k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.0m against liabilities of $11k, net assets of $995k. It reported 1 employees.