Ocean Beach Play Group Inc

Analysis

Ocean Beach Play Group Inc is a registered charity in United States, based in Ocean Beach, NY. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean Beach Play Group Inc reported income of $941k and spending of $917k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $470k to $941k (+100%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ocean Beach Play Group Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Grosse Pointe Soccer Association ($939k), Brentwood Baseball Inc ($941k) and Fort Collins Area Swim Team ($939k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $44k (4.8% of expenses). Other salaries and wages came to $436k. At year end it held assets of $851k against liabilities of $0, net assets of $851k. It reported 103 employees.