Blue Ocean Society For Marine Conservation Inc
Blue Ocean Society For Marine Conservation Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 20523308 · Portsmouth, NH · NTEE: D31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $499K |
| Total Expenses | $385K |
| Program Spending | 85% |
| Net Assets | $150K |
| Transparency Score | 92/100 |
Is Blue Ocean Society For Marine Conservation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Ocean Society For Marine Conservation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Ocean Society For Marine Conservation Inc
Blue Ocean Society For Marine Conservation Inc (EIN: 20523308) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code D31. The organization reported total revenue of $499K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Ocean Society For Marine Conservation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Ocean Society For Marine Conservation Inc is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $484K |
| Total Expenses | $385K |
| Surplus / Deficit | +$100K |
| Total Assets | $151K |
| Total Liabilities | $520 |
| Net Assets | $150K |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2024, Blue Ocean Society For Marine Conservation Inc reported a surplus of $100K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Blue Ocean Society For Marine Conservation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +57.2% | +1.7% | +188.7% |
| 2023 | -7.8% | +19.0% | -56.9% |
| 2022 | +24.8% | +43.1% | -12.0% |
| 2021 | +3.0% | -6.6% | +49.8% |
| 2020 | +16.5% | +8.4% | +135.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Ocean Society For Marine Conservation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Blue Ocean Society For Marine Conservation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $100K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or receives compensation below reporting thresholds, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Blue Ocean Society For Marine Conservation Inc:
- 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.
Frequently Asked Questions about Blue Ocean Society For Marine Conservation Inc
Is Blue Ocean Society For Marine Conservation Inc a legitimate charity?
Blue Ocean Society For Marine Conservation Inc (EIN: 20523308) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $499K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Blue Ocean Society For Marine Conservation Inc spend its money?
Blue Ocean Society For Marine Conservation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Blue Ocean Society For Marine Conservation Inc tax-deductible?
Blue Ocean Society For Marine Conservation Inc is registered as a tax-exempt nonprofit (EIN: 20523308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blue Ocean Society For Marine Conservation Inc's spending goes to programs?
Blue Ocean Society For Marine Conservation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Ocean Society For Marine Conservation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Blue Ocean Society For Marine Conservation Inc is above average for NTEE category D31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Ocean Society For Marine Conservation Inc located?
Blue Ocean Society For Marine Conservation Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20523308. It is classified under NTEE code D31.
How many years of IRS 990 filings does Blue Ocean Society For Marine Conservation Inc have?
Blue Ocean Society For Marine Conservation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $499K in total revenue.
Is Blue Ocean Society For Marine Conservation Inc a good charity?
Based on the available IRS 990 data, Blue Ocean Society For Marine Conservation Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, efficient spending with no reported officer compensation, and a clear focus on its program services.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement. Revenue has grown from $188,252 in 201604 to $484,162 in 202404, and assets have increased substantially from $7,698 in 201604 to $150,910 in 202404, indicating enhanced stability and capacity.
What is the organization's approach to executive compensation?
Blue Ocean Society For Marine Conservation Inc reports 0% officer compensation in all available filings, suggesting a highly lean or volunteer-driven executive structure, which maximizes funds available for programs.
Filing History
IRS 990 filing history for Blue Ocean Society For Marine Conservation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Blue Ocean Society For Marine Conservation Inc's revenue has grown by 131%, moving from $210K to $484K. Total assets increased by 219.2% over the same period, from $47K to $151K. Total functional expenses rose by 92.8%, from $199K to $385K. In its most recent filing year (2024), Blue Ocean Society For Marine Conservation Inc reported a surplus of $100K, with revenue exceeding expenses. The organization holds $520 in liabilities against $151K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $150K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $484K | $385K | $151K | $520 | — | — |
| 2023 | $308K | $378K | $52K | $1K | — | View 990 |
| 2022 | $334K | $318K | $121K | $99 | — | View 990 |
| 2021 | $268K | $222K | $138K | $33K | — | View 990 |
| 2020 | $260K | $238K | $92K | $32K | — | View 990 |
| 2019 | $223K | $219K | $39K | $1K | — | View 990 |
| 2018 | $202K | $202K | $36K | $2K | — | View 990 |
| 2017 | $242K | $209K | $36K | $513 | — | View 990 |
| 2016 | $188K | $192K | $8K | $5K | — | View 990 |
| 2015 | $278K | $273K | $12K | $5K | — | View 990 |
| 2014 | $256K | $270K | $22K | $20K | — | View 990 |
| 2013 | $211K | $216K | $25K | $9K | — | View 990 |
| 2012 | $197K | $209K | $27K | $7K | — | View 990 |
| 2011 | $210K | $199K | $47K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $484K, expenses of $385K, and assets of $151K (revenue +57.2% year-over-year).
- 2023: Revenue of $308K, expenses of $378K, and assets of $52K (revenue -7.8% year-over-year).
- 2022: Revenue of $334K, expenses of $318K, and assets of $121K (revenue +24.8% year-over-year).
- 2021: Revenue of $268K, expenses of $222K, and assets of $138K (revenue +3.0% year-over-year).
- 2020: Revenue of $260K, expenses of $238K, and assets of $92K (revenue +16.5% year-over-year).
- 2019: Revenue of $223K, expenses of $219K, and assets of $39K (revenue +10.1% year-over-year).
- 2018: Revenue of $202K, expenses of $202K, and assets of $36K (revenue -16.5% year-over-year).
- 2017: Revenue of $242K, expenses of $209K, and assets of $36K (revenue +28.7% year-over-year).
- 2016: Revenue of $188K, expenses of $192K, and assets of $8K (revenue -32.4% year-over-year).
- 2015: Revenue of $278K, expenses of $273K, and assets of $12K (revenue +8.8% year-over-year).
- 2014: Revenue of $256K, expenses of $270K, and assets of $22K (revenue +21.0% year-over-year).
- 2013: Revenue of $211K, expenses of $216K, and assets of $25K (revenue +7.3% year-over-year).
- 2012: Revenue of $197K, expenses of $209K, and assets of $27K (revenue -5.9% year-over-year).
- 2011: Revenue of $210K, expenses of $199K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Ocean Society For Marine Conservation Inc:
Data Sources and Methodology
This transparency report for Blue Ocean Society For Marine Conservation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.