Ocean City Tabernacle Assoc

Analysis

Ocean City Tabernacle Assoc is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in January 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Ocean City Tabernacle Assoc reported income of $1.4m and spending of $2.0m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ocean City Tabernacle Assoc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Qianxing Ministry Inc ($1.4m), Shellbourne Inc ($1.4m) and R 13 Incorporated ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $210k (10% of expenses). Other salaries and wages came to $546k. At year end it held assets of $13.1m against liabilities of $98k, net assets of $13.0m. It reported 55 employees.