Oceanographic Teaching Stations Inc

Analysis

Oceanographic Teaching Stations Inc is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Oceanographic Teaching Stations Inc reported income of $982k and spending of $872k, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.9m to $982k (-47%), an average of -15% a year. The sharpest change came in the year to August 2020, when income dropped by 71%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oceanographic Teaching Stations Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Mercy Education Project ($982k), American Genre Film Archive ($982k) and PTA Texas Congress ($981k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $152k (17% of expenses). Other salaries and wages came to $294k. At year end it held assets of $1.9m against liabilities of $24k, net assets of $1.9m. It reported 16 employees.