Oceantic Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 537,083 | 540,145 | −3,062 | 2.0 | 0% |
| 2016 | 696,834 | 580,063 | 116,771 | 4.3 | 0% |
| 2017 | 1,560,868 | 1,250,470 | 310,398 | 5.0 | 15% |
| 2018 | 1,921,544 | 1,333,371 | 588,173 | 10.0 | 13% |
| 2019 | 3,036,228 | 2,531,996 | 504,232 | 7.6 | 20% |
| 2020 | 2,284,431 | 2,291,797 | −7,366 | 8.6 | 48% |
| 2021 | 2,995,834 | 2,841,243 | 154,591 | 7.6 | 57% |
| 2022 | 2,033,141 | 3,369,625 | −1,336,484 | 17.0 | 45% |
| 2023 | 13,309,489 | 11,224,728 | 2,084,761 | 7.4 | 35% |
In its most recent public year (2023), this organization brought in $2,084,761 more than it spent. Its reserves stood at about 7.4 months of spending, up from 2 in 2015. Staff pay was 35% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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