Moceans Center for Independent Living Inc

Analysis

Moceans Center for Independent Living Inc is a registered charity in United States, based in Lincroft, NJ. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2024, Moceans Center for Independent Living Inc reported income of $2.1m and spending of $2.0m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $678k to $2.1m (+203%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moceans Center for Independent Living Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Codman Community Farms Inc ($2.1m), Seven Acres Foundation ($2.1m) and Damiano of Duluth Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.4m (68% of expenses). At year end it held assets of $687k against liabilities of $140k, net assets of $547k. It reported 52 employees.