Historical Society of Ocean Grove New Jersey Inc

Analysis

Historical Society of Ocean Grove New Jersey Inc is a registered charity in United States, based in Ocean Grove, NJ. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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, Historical Society of Ocean Grove New Jersey Inc reported income of $351k and spending of $73k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $351k (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Ocean Grove New Jersey Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Cornhusker United Way Inc ($351k), Shelby Oaks Housing Inc ($351k) and Michigan Horse Council ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $24k (33% of expenses). Other salaries and wages came to $4,350. At year end it held assets of $661k against liabilities of $0, net assets of $661k. It reported 1 employees.