Oceanport PTO

Analysis

Oceanport PTO is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in August 1984, 42 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 July 2023, Oceanport PTO reported income of $53k and spending of $42k, leaving 21% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $68k to $53k (-23%), an average of -6.2% a year. The sharpest change came in the year to July 2022, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oceanport PTO sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include Friends of the Moraga Public Library ($53k), Laotian Mutual Assistance Association ($53k) and Charlotte Battles U/W ($53k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 9.2% and program service revenue 1.4% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.