Ocean Voyages Institute

Analysis

Ocean Voyages Institute is a registered charity in United States, based in Sausalito, CA. It received its IRS tax-exemption ruling in December 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean Voyages Institute reported income of $479k and spending of $241k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $479k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 293%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean Voyages Institute 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 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Northwest Center Inc ($479k), National Academies of Practice ($479k) and Jenks Sports Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.9m against liabilities of $12k, net assets of $3.9m.