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Ocean Exploration Trust Inc

New London, Connecticut · EIN 83-0488383 · Environment · tax-exempt since 2008

B

Charity Clarity grade B (score 76.7 of 100), based on the Form 990 for the year ended December 2024.

Graded against 1,852 environment nonprofits with revenue $10M–$50M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.7.1 months98
GovernanceBoard independence, key policies and audit, per the 990.89% of practices89
Margin stabilityHow steady the surplus or deficit is year to year.41
Revenue spreadHow much revenue rests on one type of income.87% from one source50
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.92.5%not scored
Management costsShare of spending.6.4%not scored
Cost to raise $1Fundraising cost per dollar given.$0.01not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

201620172018201920202021202220232024grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Dec 2024Form 990$19.28M$16.49M$2.79M$9.79M7.119B
Dec 2023Form 990$14.98M$15.50M−$521K$7.00M5.418A
Dec 2022Form 990$13.45M$14.38M−$922K$7.52M6.318A
Dec 2021Form 990$11.79M$12.99M−$1.20M$8.44M7.822A
Dec 2020Form 990$9.65M$9.84M−$190K$9.64M11.823B
Dec 2019Form 990$11.93M$10.95M$984K$9.83M10.820A
Dec 2018Form 990$10.71M$9.90M$809K$8.85M10.722A
Dec 2017Form 990$10.55M$9.15M$1.40M$8.04M10.528B
Dec 2016Form 990$8.68M$8.60M$81K$6.63M9.333A

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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