Living Oceans Society

Analysis

Living Oceans Society is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in December 2009, 17 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, Living Oceans Society reported income of $313k and spending of $314k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $313k (+15%), an average of +3.6% a year. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Living Oceans Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile. Charities of a similar size with the same main cause include Portland Garden Club ($313k), Northwoods Wildlife Hospital and Rehabilitation Center Inc ($313k) and Nola Tree Project ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $78k (25% of expenses). Other salaries and wages came to $81k. At year end it held assets of $204k against liabilities of $162k, net assets of $42k. It reported 3 employees.