Ocean Risk And Resilience Action Alliance Inc
EIN: 833580499 · Washington, DC · NTEE: C30
| Metric | Value |
|---|---|
| Total Revenue | $11.3M |
| Total Expenses | $6.1M |
| Net Assets | $1.0M |
Is Ocean Risk And Resilience Action Alliance Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean Risk And Resilience Action Alliance Inc
Ocean Risk And Resilience Action Alliance Inc (EIN: 833580499) is a nonprofit organization based in Washington, DC, classified under NTEE code C30. The organization reported total revenue of $11.3M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Risk And Resilience Action Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Risk And Resilience Action Alliance Inc is a large nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 60.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$691K |
| Total Assets | $5.5M |
| Total Liabilities | $4.5M |
| Net Assets | $1.0M |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 81.6% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Ocean Risk And Resilience Action Alliance Inc reported a surplus of $691K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 81.6% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Ocean Risk And Resilience Action Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 60.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +186.8% | +72.7% | +71.5% |
| 2022 | -17.5% | +43.8% | +50.8% |
| 2021 | +64.4% | +90.3% | +76.3% |
| 2020 | +72.2% | +229.2% | +54.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ocean Risk And Resilience Action Alliance Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Risk And Resilience Action Alliance Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $691K, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.6%.
Frequently Asked Questions about Ocean Risk And Resilience Action Alliance Inc
Is Ocean Risk And Resilience Action Alliance Inc a legitimate charity?
Ocean Risk And Resilience Action Alliance Inc (EIN: 833580499) is a registered tax-exempt nonprofit based in Washington DC. It has 5 years of IRS 990 filings on record. Total revenue: $11.3M. No red flags identified. Financial health grade: A.
How does Ocean Risk And Resilience Action Alliance Inc spend its money?
Ocean Risk And Resilience Action Alliance Inc reported $11.3M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ocean Risk And Resilience Action Alliance Inc tax-deductible?
Ocean Risk And Resilience Action Alliance Inc is registered as a tax-exempt nonprofit (EIN: 833580499). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Risk And Resilience Action Alliance Inc located?
Ocean Risk And Resilience Action Alliance Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 833580499. It is classified under NTEE code C30.
How many years of IRS 990 filings does Ocean Risk And Resilience Action Alliance Inc have?
Ocean Risk And Resilience Action Alliance Inc has 5 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 $11.3M in total revenue.
Filing History
IRS 990 filing history for Ocean Risk And Resilience Action Alliance Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Ocean Risk And Resilience Action Alliance Inc's revenue has grown by 570.2%, moving from $1.0M to $6.8M. Total assets increased by 603.3% over the same period, from $783K to $5.5M. Total functional expenses rose by 1455.7%, from $392K to $6.1M. In its most recent filing year (2023), Ocean Risk And Resilience Action Alliance Inc reported a surplus of $691K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $5.5M in assets (debt-to-asset ratio: 81.6%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $6.1M | $5.5M | $4.5M | — | — |
| 2022 | $2.4M | $3.5M | $3.2M | $2.9M | — | View 990 |
| 2021 | $2.9M | $2.5M | $2.1M | $643K | — | — |
| 2020 | $1.7M | $1.3M | $1.2M | $133K | — | — |
| 2019 | $1.0M | $392K | $783K | $162K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $6.1M, and assets of $5.5M (revenue +186.8% year-over-year).
- 2022: Revenue of $2.4M, expenses of $3.5M, and assets of $3.2M (revenue -17.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.5M, and assets of $2.1M (revenue +64.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.3M, and assets of $1.2M (revenue +72.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $392K, and assets of $783K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Risk And Resilience Action Alliance Inc:
Data Sources and Methodology
This transparency report for Ocean Risk And Resilience Action 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.