Ocean Beach Community Foundation Inc

Analysis

Ocean Beach Community Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Ocean Beach Community Foundation Inc reported income of $126k and spending of $97k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $169k to $126k (-25%), an average of -5.6% a year. The sharpest change came in the year to June 2024, when income rose by 103%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Beach Community Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Latta Schools Educational Foundation Inc ($126k), California Home School Sports ($126k) and Parent Booster USA Inc ($126k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $75k against liabilities of $100, net assets of $75k.