Science & Technology (U21) IRS Verified DX Registered 990 on File

OCEANS INITIATIVE

EIN: 90-1015993 · SEATTLE, WA 98115-3468 · United States · FY 2023 Data

2 out of 5 39 / 100 Based on 2+ years of filings

Financial strength (30%) 41/100

Reliability (20%) 50/100

Effectiveness (25%) 66/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Oceans Initiative is a team of scientists on a mission to protect marine life, including whales, dolphins, sharks, salmon & seabirds, in the Pacific Northwest and beyond. Like the whales we study, we are highly migratory. We spend half our time getting our feet wet in the field, wherever our work is needed, but the other half is spent using our science to inform smart decisions to conserve wildlife.

Financial Overview — FY 2023

$862K

Total Revenue

$1.1M

Total Expenses

$13K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 63.7%

Fundraising Efficiency N/A

Operating Reserve 0.14x

Liability-to-Asset 93.0%

Revenue Diversification 99.3%

Executive Compensation $319K

Compared with Peers

FY 2023

Compared with 435 similar organizations (United States, Science & Technology, $1M–$10M in expenses), FY 2023.

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	63.7%	81.7%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	33.6%	14.6%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.7%	0.0%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	0.1 mo	11.1 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	93.0%	16.3%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	99.3%	90.5%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	-26.6%	12.5%	P10P90
Expense growth Year over year expense growth	11.2%	13.8%	P10P90
Surplus margin Surplus as a share of revenue	-29.7%	0.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$862K	$1.1M	$13K	63.7%	8
2022	$1.2M	$1.0M	$268K	85.1%	2
2021	$899K	$942K	$100K	86.8%	2

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Organization Details

EIN: 90-1015993
State: WA
City: SEATTLE
ZIP: 98115-3468
Classification: U21
Category: Science & Technology
Rating: 2★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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