Long Beach Island Community Center Inc

Analysis

Long Beach Island Community Center Inc is a registered charity in United States, based in Long BCH TWP, NJ. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Long Beach Island Community Center Inc reported income of $4.4m and spending of $4.6m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.3m to $4.4m (+1.4%), an average of +0.3% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Long Beach Island Community Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Schi Disability Services Inc ($4.4m), Parent Support Network of Rhode Island ($4.4m) and Focus North America ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $84k (1.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.7m against liabilities of $612k, net assets of $2.1m. It reported 134 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.