Ocean Beach Vol Company No 3

Analysis

Ocean Beach Vol Company No 3 is a registered charity in United States, based in Lavallette, NJ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Ocean Beach Vol Company No 3 reported income of $77k and spending of $106k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $77k (+6.3%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 95% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Ocean Beach Vol Company No 3 sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Batesville Community Fire Association Inc ($77k), Mansfield Township Warren County Fire Company Inc ($77k) and Hubbard 1st Response & Rescue Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 41% of the total. At year end it held assets of $672k against liabilities of $2,452, net assets of $670k.