Jewish Federation of Ocean County

Analysis

Jewish Federation of Ocean County is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jewish Federation of Ocean County reported income of $5.0m and spending of $4.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.0m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Ocean County sits at the 93rd percentile: it is larger than about 93% 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 Motorsports Charities Inc ($5.0m), Friends of the Mission ($5.0m) and Community Health Access Network ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $300k. At year end it held assets of $3.2m against liabilities of $1.3m, net assets of $1.9m. It reported 6 employees.