Monmouth-Ocean Foundation for Children Inc

Analysis

Monmouth-Ocean Foundation for Children Inc is a registered charity in United States, based in Tinton Falls, NJ. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Monmouth-Ocean Foundation for Children Inc reported income of $105k and spending of $26k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $98k to $105k (+7.4%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 482%. Over the whole period it spent 6.4% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monmouth-Ocean Foundation for Children Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Washington Homeschool Organization ($105k), United Hmong American Association ($105k) and Hondo Band Boosters Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $812k against liabilities of $512k, net assets of $299k.