Ocean View Foundation

Analysis

Ocean View Foundation is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in October 1966, 60 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 View Foundation reported income of $1.5m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $936k to $1.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean View Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Southern California Health Cares ($1.5m), Habitat for Humanity International Inc ($1.5m) and The Rowan Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $121k. At year end it held assets of $8.7m against liabilities of $8.7m, net assets of $38k.