Ocean Housing Alliance Inc

Analysis

Ocean Housing Alliance Inc is a registered charity in United States, based in Pt Pleas BCH, NJ. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Housing Alliance Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $952k to $1.0m (+7.9%), an average of +1.9% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ocean Housing Alliance Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Hope Center 4 Autism - Fort Worth ($1.0m), Blue Faery the Adrienne Wilson Liver Cancer Association ($1.0m) and Detroiters Working for Environmental Justice ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $68k (6.2% of expenses). Other salaries and wages came to $485k. At year end it held assets of $1.3m against liabilities of $40k, net assets of $1.3m. It reported 26 employees.