Ocean Grove Historic Preservation Society

Analysis

Ocean Grove Historic Preservation Society is a registered charity in United States, based in Ocean Grove, NJ. It received its IRS tax-exemption ruling in July 1997, 29 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, Ocean Grove Historic Preservation Society reported income of $509k and spending of $553k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $509k (+85%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ocean Grove Historic Preservation Society sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Robidoux Resident Theatre Inc ($509k), Fort Point Arts Community Inc of South Boston ($510k) and Prague Shakespeare Company America ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $182k. At year end it held assets of $2.3m against liabilities of $38k, net assets of $2.3m. It reported 7 employees.