Ocean Alliance Inc
Ocean Alliance: Dedicated to Marine Conservation with Strong Program Spending
EIN: 222573677 · Gloucester, MA · NTEE: C053 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $874K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $5.8M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Ocean Alliance Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Ocean Alliance Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Ocean Alliance Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.6M and expenses of $874K.
Revenue and Expenses
Ocean Alliance Inc reported $1.6M in revenue and $874K in expenses, a surplus of $735K.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Ocean Alliance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $699K (80%) |
Across stored filings, Ocean Alliance Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Environment context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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All Environment
Local and Sector Spokes
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Gloucester, MA nonprofitsEnvironment in Massachusetts
Environment in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Environment spending
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Donation Decision Flow
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Keep the Investigation Moving
Ocean Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Alliance Inc
Ocean Alliance Inc (EIN: 222573677) is a nonprofit organization based in Gloucester, MA, classified under NTEE code C053. The organization reported total revenue of $1.1M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Alliance Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $874K |
| Surplus / Deficit | +$735K |
| Total Assets | $6.0M |
| Total Liabilities | $229K |
| Net Assets | $5.8M |
| Operating Margin | 45.7% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 82.5 months |
Financial Health Grade: A
In 2023, Ocean Alliance Inc reported a surplus of $735K with revenue exceeding expenses, holds 82.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Alliance Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.8% | +3.3% | +16.7% |
| 2022 | +20.4% | +3.2% | +4.3% |
| 2021 | -3.7% | +15.0% | +3.3% |
| 2020 | +24.4% | -2.7% | +12.4% |
| 2019 | -15.6% | +8.0% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Ocean Alliance Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Ocean Alliance Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $735K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
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.
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 Ocean Alliance Inc:
- 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.
Frequently Asked Questions about Ocean Alliance Inc
Is Ocean Alliance Inc a legitimate charity?
Ocean Alliance Inc (EIN: 222573677) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Ocean Alliance Inc spend its money?
Ocean Alliance Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ocean Alliance Inc tax-deductible?
Ocean Alliance Inc is registered as a tax-exempt nonprofit (EIN: 222573677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean Alliance Inc CEO make?
Ocean Alliance Inc's highest-compensated officer earns $0 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean Alliance Inc's spending goes to programs?
Ocean Alliance Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Alliance Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ocean Alliance Inc is above average for NTEE category C053 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ocean Alliance Inc located?
Ocean Alliance Inc is headquartered in Gloucester, Massachusetts and files with the IRS under EIN 222573677. It is classified under NTEE code C053.
How many years of IRS 990 filings does Ocean Alliance Inc have?
Ocean Alliance Inc has 13 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 $1.1M in total revenue.
What does Ocean Alliance Inc do?
Ocean Alliance Inc is a nonprofit organization in the Environment sector, located in Gloucester, Massachusetts. It is classified under NTEE code C053.
How much revenue does Ocean Alliance Inc have?
Ocean Alliance Inc reported total revenue of $1,065,761. Based on 13 IRS 990 filings on record.
What are Ocean Alliance Inc's total assets?
Ocean Alliance Inc holds total assets of $5,846,453 as reported in IRS 990 filings.
Where is Ocean Alliance Inc located?
Ocean Alliance Inc is based in Gloucester, Massachusetts.
What is Ocean Alliance Inc's EIN?
Ocean Alliance Inc's Employer Identification Number (EIN) is 222573677. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ocean Alliance Inc?
Ocean Alliance Inc is classified under NTEE code C053 (Environment).
Is Ocean Alliance Inc a registered 501(c)(3)?
Yes, Ocean Alliance Inc is recognized as a tax-exempt organization by the IRS. EIN: 222573677.
Does Ocean Alliance Inc file IRS Form 990?
Yes, Ocean Alliance Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ocean Alliance Inc's revenue in 2023?
In the 202306 filing period, Ocean Alliance Inc reported total revenue of $1,609,251, total expenses of $874,059, and net assets of $6,012,509.
Is Ocean Alliance Inc's revenue growing or declining?
Ocean Alliance Inc's revenue is growing. Revenue went from $1,175,965 (202206) to $1,609,251 (202306), a +36.8% change. Based on 13 filings on record.
What is Ocean Alliance Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ocean Alliance Inc covers tax period 202306. It shows revenue of $1,609,251, expenses of $874,059, total assets of $6,012,509, and liabilities of $228,983.
How much does Ocean Alliance Inc spend on programs vs administration?
Based on IRS 990 analysis, Ocean Alliance Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Ocean Alliance Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ocean Alliance Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Ocean Alliance Inc's strengths?
Positive indicators for Ocean Alliance Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Ocean Alliance Inc compensate executives?
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. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Ocean Alliance sustain its operations and achieve its mission with zero reported executive compensation?
The consistent reporting of $0 for executive compensation suggests a highly dedicated volunteer leadership or a structure where key leadership roles are compensated through other means not categorized as executive compensation, or are entirely pro bono. This model significantly reduces overhead, allowing a larger portion of funds to be allocated directly to programs, as evidenced by the 80% program spending.
Given the consistent asset growth, what is the organization's strategy for utilizing these assets to further its marine conservation goals?
The growth in assets from $4.1M in 2016 to $6.0M in 2023 indicates a strong financial position. This could suggest strategic investments in research vessels, equipment, or long-term conservation projects. Understanding the specific allocation of these growing assets would provide insight into their long-term impact strategy beyond annual program expenditures.
Filing History
IRS 990 filing history for Ocean Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Alliance Inc's revenue has declined by 4.3%, moving from $1.7M to $1.6M. Total assets increased by 36.4% over the same period, from $4.4M to $6.0M. Total functional expenses rose by 2%, from $857K to $874K. In its most recent filing year (2023), Ocean Alliance Inc reported a surplus of $735K, with revenue exceeding expenses. The organization holds $229K in liabilities against $6.0M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $874K | $6.0M | $229K | — | View 990 |
| 2022 | $1.2M | $846K | $5.2M | $304K | — | View 990 |
| 2021 | $977K | $820K | $4.9M | $419K | — | View 990 |
| 2020 | $1.0M | $713K | $4.8M | $417K | — | View 990 |
| 2019 | $815K | $733K | $4.2M | $189K | — | View 990 |
| 2018 | $966K | $679K | $4.2M | $261K | — | View 990 |
| 2017 | $917K | $765K | $4.1M | $454K | — | View 990 |
| 2016 | $658K | $645K | $4.1M | $384K | — | View 990 |
| 2015 | $767K | $541K | $4.3M | $525K | — | View 990 |
| 2014 | $436K | $835K | $4.0M | $543K | — | View 990 |
| 2013 | $932K | $1.1M | $4.6M | $747K | — | View 990 |
| 2012 | $709K | $690K | $4.6M | $534K | — | View 990 |
| 2011 | $1.7M | $857K | $4.4M | $397K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $874K, and assets of $6.0M (revenue +36.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $846K, and assets of $5.2M (revenue +20.4% year-over-year).
- 2021: Revenue of $977K, expenses of $820K, and assets of $4.9M (revenue -3.7% year-over-year).
- 2020: Revenue of $1.0M, expenses of $713K, and assets of $4.8M (revenue +24.4% year-over-year).
- 2019: Revenue of $815K, expenses of $733K, and assets of $4.2M (revenue -15.6% year-over-year).
- 2018: Revenue of $966K, expenses of $679K, and assets of $4.2M (revenue +5.3% year-over-year).
- 2017: Revenue of $917K, expenses of $765K, and assets of $4.1M (revenue +39.4% year-over-year).
- 2016: Revenue of $658K, expenses of $645K, and assets of $4.1M (revenue -14.1% year-over-year).
- 2015: Revenue of $767K, expenses of $541K, and assets of $4.3M (revenue +75.8% year-over-year).
- 2014: Revenue of $436K, expenses of $835K, and assets of $4.0M (revenue -53.2% year-over-year).
- 2013: Revenue of $932K, expenses of $1.1M, and assets of $4.6M (revenue +31.5% year-over-year).
- 2012: Revenue of $709K, expenses of $690K, and assets of $4.6M (revenue -57.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $857K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Alliance Inc:
Data Sources and Methodology
This transparency report for Ocean Alliance 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.