Oceanside Church

Analysis

Oceanside Church is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oceanside Church reported income of $394k and spending of $151k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $455k to $394k (-13%), an average of -13% a year. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oceanside Church sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Mark Correll Ministriesinternational Inc ($394k), Neighborly Faith Inc ($394k) and Abraham Path Initiative Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (33% of expenses). Other salaries and wages came to $15k. At year end it held assets of $0 against liabilities of $0, net assets of $0.