Ocean County Historical Society

Analysis

Ocean County Historical Society is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in March 1968, 58 years ago. 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 County Historical Society reported income of $135k and spending of $140k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $135k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean County Historical Society sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Spokane Central Lions Activities Foundation ($135k), Friends of Roseville Park ($135k) and Neenah Historical Society ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $10k (7.4% of expenses). At year end it held assets of $1.7m against liabilities of $10k, net assets of $1.7m. It reported 1 employees.