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.
Spending Breakdown
How Oceans Harbor House Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Oceans Harbor House Inc
Is Oceans Harbor House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oceans Harbor House Inc (EIN: 222672209) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Oceans Harbor House Inc a good charity to donate to?
Oceans Harbor House Inc has a Mission Score of 65/100. Revenue: $1.3M. Assets: $978K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oceans Harbor House Inc?
The Employer Identification Number (EIN) for Oceans Harbor House Inc is 222672209. 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 Oceans Harbor House Inc spend its money?
Oceans Harbor House Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oceans Harbor House Inc's tax-exempt status?
You can verify Oceans Harbor House Inc's tax-exempt status using EIN 222672209 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
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.