Quick charity verification for Oceans Harbor House Inc (EIN: 222672209)
Verdict: Oceans Harbor House Inc shows mixed signals
65/100Mission Score
$1.3MRevenue
$978KAssets
3Red Flags
2Strengths
Red Flags
Consistent operational deficits: Expenses have exceeded revenue in all provided years, with a notable deficit of $240,308 in 2023.
Increasing liabilities: Liabilities have grown from $491,305 in 2019 to $723,760 in 2023, indicating potential financial strain.
Declining assets: Total assets have decreased from $2,154,453 in 2020 to $1,422,444 in 2023.
Strengths
Stable revenue base: Revenue has remained relatively consistent, hovering around $1.8M-$2.1M annually over the past several years.
Long operational history: Data spans from 2016 to 2023, suggesting a well-established organization.
AI Transparency Report
Oceans Harbor House Inc is a human services nonprofit based in Toms River, New Jersey, with reported revenue of $1.3M and assets of $978K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. • Financial filings consistently show expenses exceeding revenue, indicating operational deficits.
• The organization's liabilities have shown an increasing trend over the past few years.
• No specific details on program outcomes or impact are readily available in the provided data. Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial filings. Revenue has grown +20% across 13 filing periods.