Charity Search / OCEAN RESEARCH PROJECT INC
Environment (C32) 990 on File

OCEAN RESEARCH PROJECT INC

EIN: 45-5439654 · ANNAPOLIS, MD 21403-3246 · United States · FY 2023 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 65/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$187K
Total Revenue
$211K
Total Expenses
$41K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.5%
Fundraising Efficiency N/A
Operating Reserve 2.32x
Liability-to-Asset 3.7%
Revenue Diversification 100.0%
Compared with Peers
FY 2023
Compared with 3,996 similar organizations (United States, Environment, $100K–$1M 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
90.5% 82.6%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
9.4% 13.1%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.2% 0.4%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
2.3 mo 13.5 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
3.7% 1.2%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 92.8%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-37.9% 8.9%
P10P90
Expense growth
Year over year expense growth
-18.9% 14.5%
P10P90
Surplus margin
Surplus as a share of revenue
-12.7% 4.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $187K $211K $41K 90.5% 0
2022 $301K $260K $64K 97.1% 0
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Organization Details
EIN
45-5439654
State
MD
City
ANNAPOLIS
ZIP
21403-3246
Classification
C32
Category
Environment
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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