Oceans Harbor House Inc

Analysis

Oceans Harbor House Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Oceans Harbor House Inc reported income of $2.2m and spending of $2.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+20%), an average of +4.6% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oceans Harbor House Inc 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 DC Action for Children Today DC Act ($2.2m), Compassion Child Care ($2.2m) and Under 1 Roof ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $121k (5.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $724k, net assets of $699k. It reported 43 employees.