Quick charity verification for Ocean Alliance Inc (EIN: 222573677)
Verdict: Ocean Alliance Inc appears trustworthy
85/100Mission Score
$1.1MRevenue
$5.8MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistently high program spending, with 80% of expenses directed towards programs in 2023.
Strong asset growth from $4,124,318 in 2016 to $6,012,509 in 2023, demonstrating financial health.
Zero executive compensation reported, ensuring all funds are directed to mission-related activities.
Consistent revenue generation over several years, indicating stable donor support.
AI Transparency Report
Ocean Alliance Inc is a environment nonprofit based in Gloucester, Massachusetts, with reported revenue of $1.1M and assets of $5.8M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization, which is highly commendable for maximizing funds towards its mission. Revenue has remained stable -4% across 13 filing periods.