Oceanview Resident Assistance Fund Inc

Analysis

Oceanview Resident Assistance Fund Inc is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oceanview Resident Assistance Fund Inc reported income of $65k and spending of $12k, leaving 81% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $89k to $65k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oceanview Resident Assistance Fund Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within ME. Charities of a similar size with the same main cause include Rubicon Community Fund ($65k), Slipper Club Inc ($65k) and Peyton Johnson Moore Fund Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 53% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.