Ocean Futures Society Inc

Analysis

Ocean Futures Society Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 1995, 31 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 December 2023, Ocean Futures Society Inc reported income of $385k and spending of $487k, spending 127% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $604k to $385k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean Futures Society Inc 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 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Northwest Center for Alternatives to Pesticides ($385k), Keweenaw Community Forest Company ($385k) and E Inc ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $74k (15% of expenses). At year end it held assets of $1.9m against liabilities of $138k, net assets of $1.8m.

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.