Oceansalaska

Analysis

Oceansalaska is a registered charity in United States, based in Ketchikan, AK. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Oceansalaska reported income of $280k and spending of $415k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $384k to $280k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 150% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Oceansalaska 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 60th percentile, and in the 55th percentile within AK. Charities of a similar size with the same main cause include Cause4paws Pet Food Bank ($280k), Granite State Dog Recovery ($281k) and Akron Zoological Foundation Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $3.0m against liabilities of $948k, net assets of $2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.