Quick charity verification for Ocean City 2406 Inc (EIN: 222294651)
Verdict: Ocean City 2406 Inc appears trustworthy
75/100Mission Score
$1.3MRevenue
$4.9MAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided filings.
No executive compensation data available for assessment.
Strengths
Consistent revenue generation over the past several years, with 2023 revenue at $1,291,212.
Significant growth in assets from $1,779,996 in 2021 to $5,869,330 in 2023, indicating strong financial health.
Positive net assets (assets exceeding liabilities) consistently maintained across all reported years.
AI Transparency Report
Ocean City 2406 Inc is a housing & shelter nonprofit based in Neptune, New Jersey, with reported revenue of $1.3M and assets of $4.9M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. 2023 filings show total expenses of $1,306,080. No specific program, administrative, or fundraising expense breakdown is provided in the available data. Further detail is needed to fully assess spending efficiency. Executive compensation cannot be assessed from the provided data as no specific figures for salaries or compensation are available in the filings. Revenue has grown +31% across 12 filing periods.