Ocean Alliance Inc
Ocean Alliance: Dedicated to Marine Conservation with Strong Program Spending
EIN: 222573677 · Gloucester, MA · NTEE: C053 · Updated: 2026-04-04
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Ocean Alliance Inc (EIN: 222573677) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Ocean Alliance Inc spend its money?
Ocean Alliance Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.