Ocean County College Foundation

Analysis

Ocean County College Foundation is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ocean County College Foundation reported income of $2.4m and spending of $1.6m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $869k to $2.4m (+177%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 179%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean County College Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include National Architectural Accrediting Board Inc ($2.4m), National Association for Family School and Community Engagement ($2.4m) and Portland Montessori School ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 1.2% of the total. Other salaries and wages came to $195k. At year end it held assets of $23.3m against liabilities of $902k, net assets of $22.4m.