Oceanside Rotary Charities Inc

Analysis

Oceanside Rotary Charities Inc is a registered charity in United States, based in Jax BCH, FL. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Oceanside Rotary Charities Inc reported income of $98k and spending of $66k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $61k to $98k (+59%), an average of +59% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oceanside Rotary Charities Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Night Lights Incorporated ($97k), Connecticut Pardon Team Inc ($98k) and Grace Community Outreach Ministries Inc ($97k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $256k against liabilities of $970, net assets of $255k.