Humane Society of Ocean City Inc

Analysis

Humane Society of Ocean City Inc is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Humane Society of Ocean City Inc reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.4m (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Humane Society of Ocean City 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 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Renegade Paws Rescue ($1.4m), Animal Shelter Inc ($1.4m) and Castaway Animals Rescue Effort ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 58% of the total. Other salaries and wages came to $713k. At year end it held assets of $2.0m against liabilities of $4,860, net assets of $2.0m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.