Ocean County Foundation for Vocational and Technical Education

Analysis

Ocean County Foundation for Vocational and Technical Education is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 County Foundation for Vocational and Technical Education reported income of $112k and spending of $232k, spending 208% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $210k to $112k (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 261%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean County Foundation for Vocational and Technical Education sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Kenmore West Alumni Foundation Inc ($112k), St Jude Thaddeus School Foundation ($112k) and Friends of the Gladys E Kelly Public Library Inc ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% of the total. At year end it held assets of $203k against liabilities of $6,426, net assets of $197k.