Charity Search / OCEANTIC NETWORK INC
Environment (C30) 990 on File

OCEANTIC NETWORK INC

EIN: 46-3553839 · BALTIMORE, MD 21209-3796 · United States · FY 2024 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 80/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$11.9M
Total Revenue
$10.1M
Total Expenses
$8.8M
Net Assets
56
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 70.5%
Fundraising Efficiency N/A
Operating Reserve 10.46x
Liability-to-Asset 24.1%
Revenue Diversification 87.9%
Executive Compensation $325K
Compared with Peers
FY 2024
Compared with 187 similar organizations (United States, Environment, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
70.5% 84.4%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
29.5% 10.2%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 3.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
10.5 mo 13.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
24.1% 15.6%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
87.9% 88.9%
P10P90
Above median
Revenue growth
Year over year revenue growth
-10.9% 7.5%
P10P90
Expense growth
Year over year expense growth
-10.2% 11.2%
P10P90
Surplus margin
Surplus as a share of revenue
15.1% 2.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $11.9M $10.1M $8.8M 70.5% 56
2023 $13.3M $11.2M $6.9M 73.2% 61
2022 $2.0M $3.4M $4.8M 72.7% 54
2021 $3.0M $2.8M N/A — 26
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Organization Details
EIN
46-3553839
State
MD
City
BALTIMORE
ZIP
21209-3796
Classification
C30
Category
Environment
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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