Ocean View Farms Inc

Analysis

Ocean View Farms Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Farms Inc reported income of $65k and spending of $60k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $53k to $65k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ocean View Farms Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Run Around the Square ($65k), Progressive Enterprise Development ($65k) and I2b2 Transmart Foundation ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.