Ocean Avenue Child Development Preschool Center Inc

Analysis

Ocean Avenue Child Development Preschool Center Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Ocean Avenue Child Development Preschool Center Inc reported income of $497k and spending of $389k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $550k to $497k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocean Avenue Child Development Preschool Center Inc sits at the 65th percentile: it is larger than about 65% 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 Chicago Irish Immigrant Support ($497k), Friends of Lachat Inc ($497k) and Peanut Institute Foundation Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. Other salaries and wages came to $33k. It paid $2,639 in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $47k, net assets of $1.3m. It reported 2 employees.