Ocean City Fine Arts League Inc

Analysis

Ocean City Fine Arts League Inc is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in July 2004, 22 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 (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 City Fine Arts League Inc reported income of $79k and spending of $59k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $79k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 83% 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 Fine Arts League Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Alleghany Community Television ($79k), Briggs-De Laine-Pearson Foundation ($80k) and Symphony Orchestra of Northern Virginia Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 31% of the total. At year end it held assets of $153k against liabilities of $535, net assets of $153k.