Quick charity verification for Bigelow Laboratory For Ocean Sciences (EIN: 16006001)
Verdict: Bigelow Laboratory For Ocean Sciences appears trustworthy
95/100Mission Score
$44.3MRevenue
$113.7MAssets
1Red Flags
5Strengths
Red Flags
Unusually low reported officer compensation (0%) across all filings, which may indicate compensation is reported under other categories or is genuinely pro-bono, requiring deeper scrutiny for full understanding of executive remuneration.
Strengths
Strong financial growth with revenue increasing from $11.6M in 2015 to $44.2M currently.
Consistent asset growth, more than doubling from $40.5M in 2015 to $113.6M.
Expenses consistently lower than revenue, indicating sound financial management and sustainability.
Zero reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
Healthy financial reserves with assets significantly exceeding liabilities (e.g., $104.5M assets vs. $21.5M liabilities in 2024).
AI Transparency Report
Bigelow Laboratory For Ocean Sciences demonstrates strong financial health and a clear commitment to its mission of ocean science research. Over the past several years, the organization has shown significant growth in both revenue and assets, with revenue increasing from $11.6 million in 2015 to over $44 million in the latest period, and assets growing from $40.5 million to $113.6 million. This growth indicates robust fundraising and investment strategies.
The organization consistently spends less than its revenue, leading to a healthy accumulation of assets. For instance, in 2024, revenue was $30.5 million against expenses of $19.5 million, and in 2023, revenue was $41.4 million against expenses of $18.5 million. This financial prudence allows for long-term stability and investment in its scientific programs. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing funds towards the mission rather than executive pay, which is a significant positive indicator for spending efficiency and donor confidence.