Strong asset base ($3,757,903) relative to annual expenses (e.g., $636,154 in 2023), demonstrating financial stability.
Positive net income in most recent years (e.g., $135,022 in 2023, $114,908 in 2021), showing financial health.
Low liabilities relative to assets (e.g., $50,024 liabilities vs. $3,550,766 assets in 2023), indicating good financial management.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
Spending Breakdown
How Ocean Park Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Park Association
Is Ocean Park Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Park Association (EIN: 10223014) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Ocean Park Association a good charity to donate to?
Ocean Park Association has a Mission Score of 88/100. Revenue: $2.4M. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ocean Park Association?
The Employer Identification Number (EIN) for Ocean Park Association is 10223014. 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 Park Association spend its money?
Ocean Park Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ocean Park Association's tax-exempt status?
You can verify Ocean Park Association's tax-exempt status using EIN 10223014 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
The Ocean Park Association demonstrates consistent financial health with a strong asset base relative to its annual expenses. Over the past decade, the organization has maintained assets generally above $3 million, significantly exceeding its annual expenses which typically range from $460,000 to $700,000. This indicates a stable financial position and capacity for long-term operations. The organization's revenue has shown some fluctuation but generally covers expenses, with a positive net income in most recent years, such as $135,022 in 2023 and $114,908 in 2021.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation directly to mission-related activities. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.
Transparency is high regarding executive compensation, as the 0% officer compensation is clearly stated. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability. To enhance transparency further, a more granular breakdown of functional expenses would be beneficial for stakeholders to understand the exact allocation of funds across programs, administration, and fundraising efforts.