Is Blue Ocean Society For Marine Conservation Inc Legit?
Quick charity verification for Blue Ocean Society For Marine Conservation Inc (EIN: 20523308)
Verdict: Blue Ocean Society For Marine Conservation Inc appears trustworthy
92/100Mission Score
$499KRevenue
$151KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $188,252 in 201604 to $484,162 in 202404.
Significant asset accumulation, increasing from $7,698 in 201604 to $150,910 in 202404.
No reported officer compensation across all filings, indicating high efficiency and dedication.
Expenses consistently below revenue in most recent periods, allowing for financial growth.
Strong program focus, with a high percentage of spending directed towards mission-related activities.
Spending Breakdown
How Blue Ocean Society For Marine Conservation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Blue Ocean Society For Marine Conservation Inc
Is Blue Ocean Society For Marine Conservation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Ocean Society For Marine Conservation Inc (EIN: 20523308) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Blue Ocean Society For Marine Conservation Inc a good charity to donate to?
Blue Ocean Society For Marine Conservation Inc has a Mission Score of 92/100. Revenue: $499K. Assets: $151K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Blue Ocean Society For Marine Conservation Inc?
The Employer Identification Number (EIN) for Blue Ocean Society For Marine Conservation Inc is 20523308. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Blue Ocean Society For Marine Conservation Inc spend its money?
Blue Ocean Society For Marine Conservation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Blue Ocean Society For Marine Conservation Inc's tax-exempt status?
You can verify Blue Ocean Society For Marine Conservation Inc's tax-exempt status using EIN 20523308 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Blue Ocean Society For Marine Conservation Inc demonstrates a generally healthy financial trajectory, marked by consistent revenue growth over the past several years, culminating in $484,162 in the latest filing period (202404). The organization has also significantly increased its assets, from $7,698 in 201604 to $150,910 in 202404, indicating improved financial stability. Spending efficiency appears strong, with expenses consistently below revenue in most recent periods, allowing for asset accumulation.
The organization's commitment to its mission is evident in its spending patterns, with a high percentage of expenses directed towards program services. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which can contribute to lower administrative overhead. This approach enhances transparency and ensures that donor funds are primarily utilized for direct conservation efforts.
Overall, Blue Ocean Society For Marine Conservation Inc appears to be a well-managed and financially sound nonprofit. Its consistent growth, prudent spending, and lack of executive compensation indicate a strong focus on its mission and responsible stewardship of resources, making it a transparent and efficient organization in the marine conservation sector.