Ocean Mental Health Services Inc

Analysis

Ocean Mental Health Services Inc is a registered charity in United States, based in Bayville, NJ. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Mental Health Services Inc reported income of $31.4m and spending of $31.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $31.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ocean Mental Health Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Community Health and Counseling Services ($31.4m), East Mountain Health Physicians Inc ($31.4m) and Merakey Philadelphia ($31.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Other salaries and wages came to $19.1m. At year end it held assets of $19.0m against liabilities of $14.3m, net assets of $4.7m. It reported 505 employees.