Ocean City Historical Museum Inc

Analysis

Ocean City Historical Museum Inc is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in July 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean City Historical Museum Inc reported income of $117k and spending of $90k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $117k (-6.3%), an average of -6.3% a year. Over the whole period it spent 71% 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 City Historical Museum Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Sruti India Music & Dance Society ($117k), Institute for Patent Studies Inc ($117k) and Evergreen Productions Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $333k against liabilities of $270, net assets of $332k.