Ocean Avenue Association

Analysis

Ocean Avenue Association is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Ocean Avenue Association reported income of $557k and spending of $515k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $381k to $557k (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ocean Avenue Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Pike County Sheltered Workshop Inc ($557k), Coa USA ($557k) and William M Factory Small Business Incubator ($557k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $79k (15% of expenses). Other salaries and wages came to $94k. At year end it held assets of $428k against liabilities of $134k, net assets of $294k. It reported 3 employees.