Ocean Park Child Care Foundation

Analysis

Ocean Park Child Care Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Ocean Park Child Care Foundation reported income of $708k and spending of $689k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $508k to $708k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocean Park Child Care Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Fsi-Freedom Seekers International ($708k), Southeast Asian Coalition ($708k) and Poway Valley Senior Citizens Corp ($708k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $474k. At year end it held assets of $645k against liabilities of $402k, net assets of $244k. It reported 11 employees.