Ocean Ridge Charities Association

Analysis

Ocean Ridge Charities Association is a registered charity in United States, based in Ocean Isl BCH, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Ridge Charities Association reported income of $77k and spending of $58k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $77k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ocean Ridge Charities Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Greater Bel Air Community Foundation Inc ($77k), Mary U & Edwin E Meader Chamber Mus Ic Arts Charitable Irrv TR ($77k) and Harford County Deputy Sheriffsbenevolent Fund Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.