Ocean Tides Christian Brothers Charitable TR

Analysis

Ocean Tides Christian Brothers Charitable TR is a registered charity in United States, based in Narragansett, RI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Tides Christian Brothers Charitable TR reported income of $136k and spending of $125k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $155k to $136k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean Tides Christian Brothers Charitable TR sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within RI. Charities of a similar size with the same main cause include Fraser Area Educational Foundation ($136k), New Rochelle Council on the Arts Inc ($136k) and South East Youth Organization ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 18% of the total. At year end it held assets of $709k against liabilities of $1,039, net assets of $708k.