Ocean City Recreation & Park Advisory Council

Analysis

Ocean City Recreation & Park Advisory Council is a registered charity in United States, based in Ocean City, MD. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 Recreation & Park Advisory Council reported income of $125k and spending of $71k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $125k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean City Recreation & Park Advisory Council sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include American College of Physicians ($125k), Warriors Baseball Booster Club James Martin High School ($125k) and Batavia Rotary Memorial Fund ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $190k against liabilities of $240, net assets of $190k.