Ocean U C P Housing Inc

Analysis

Ocean U C P Housing Inc is a registered charity in United States, based in Ocean, NJ. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 2023, Ocean U C P Housing Inc reported income of $134k and spending of $115k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $123k to $134k (+8.8%), an average of +2.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean U C P Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Tampa Bay Symphony Incorporated ($134k), Upper Perkiomen Valley Library Association Inc ($134k) and Karma Triyana Dharmachakra Inc ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $12k. At year end it held assets of $321k against liabilities of $172k, net assets of $149k.