Ocean County YMCA Inc

Analysis

Ocean County YMCA Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in March 1972, 54 years ago. 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 County YMCA Inc reported income of $4.9m and spending of $5.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.9m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean County YMCA 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 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Elizabeth Freeman Center Inc ($4.9m), Wellview Care Inc ($4.9m) and Pakachoag Acres Day Care Center Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $100k (1.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.2m against liabilities of $4.1m, net assets of -$870k. It reported 294 employees.