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.
Spending Breakdown
How Ocean City 2406 Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ocean City 2406 Inc
Is Ocean City 2406 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean City 2406 Inc (EIN: 222294651) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Ocean City 2406 Inc a good charity to donate to?
Ocean City 2406 Inc has a Mission Score of 75/100. Revenue: $1.3M. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ocean City 2406 Inc?
The Employer Identification Number (EIN) for Ocean City 2406 Inc is 222294651. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ocean City 2406 Inc spend its money?
Ocean City 2406 Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ocean City 2406 Inc's tax-exempt status?
You can verify Ocean City 2406 Inc's tax-exempt status using EIN 222294651 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
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.