Friends of the Ocean City Pops Inc

Analysis

Friends of the Ocean City Pops Inc is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of the Ocean City Pops Inc reported income of $236k and spending of $204k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $236k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Ocean City Pops Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Compass Arts Creativity Project Inc ($236k), 316 Ministries ($236k) and Juneteenth Ri ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 35% of the total. At year end it held assets of $1.7m against liabilities of $21k, net assets of $1.7m.