Ocean Parkway Community Development

Analysis

Ocean Parkway Community Development is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ocean Parkway Community Development reported income of $150k and spending of $146k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $164k to $150k (-8.3%), an average of -8.3% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ocean Parkway Community Development sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Clearfork Community Institute Inc ($150k), Ubuntu Community Catalyst Inc ($150k) and Dni 4 Inc ($150k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $74k, net assets of -$18k.