Ocean City Theatre Company

Analysis

Ocean City Theatre Company is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in October 2008, 18 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 City Theatre Company reported income of $326k and spending of $400k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $326k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 94% 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 Theatre Company sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include LA Raza Historical Society of Santa Clara Valley ($326k), Foundation for the Preservation of the Historic Millet Opera House ($326k) and Roots of American Music Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 56% of the total. Other salaries and wages came to $48k. At year end it held assets of $110k against liabilities of $1,587, net assets of $109k. It reported 1 employees.