Is Oceanview Manor Inc Legit?

Red Flags

Significant revenue volatility over the years, including a negative revenue year in 2015.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, making efficiency analysis difficult.
Unusually consistent 0% officer compensation for an organization with over $2 million in assets, which might warrant further inquiry into how leadership is compensated or structured.

Strengths

Consistent asset growth, reaching $2,373,411 in 2023, indicating financial stability.
Positive net income in recent years (e.g., $57,617 in 2023), demonstrating sound financial management.
Low liabilities relative to assets, indicating a healthy balance sheet.
Consistent IRS 990 filings over 14 periods, showing strong transparency and compliance.
No reported officer compensation, suggesting a potentially very lean administrative structure or volunteer leadership.

Spending Breakdown

How Oceanview Manor Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Oceanview Manor Inc

Is Oceanview Manor Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Oceanview Manor Inc (EIN: 10317602) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.

Is Oceanview Manor Inc a good charity to donate to?

Oceanview Manor Inc has a Mission Score of 85/100. Revenue: $640K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Oceanview Manor Inc?

The Employer Identification Number (EIN) for Oceanview Manor Inc is 10317602. 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 Oceanview Manor Inc spend its money?

Oceanview Manor Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Oceanview Manor Inc's tax-exempt status?

You can verify Oceanview Manor Inc's tax-exempt status using EIN 10317602 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

Oceanview Manor Inc. demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $2,373,411 in 2023. The organization has shown a positive net income in recent years, with revenue of $550,187 exceeding expenses of $492,570 in 2023, indicating sound financial management. However, there have been periods of significant expense fluctuations and even a negative revenue year in 2015, suggesting some variability in their financial operations over time. The organization's liabilities have remained relatively low compared to its assets, indicating a healthy balance sheet.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent positive net income in recent years (e.g., $57,617 in 2023) suggests that the organization is managing its overall expenses effectively relative to its income. The absence of reported officer compensation across all filings is a notable point, potentially indicating a volunteer-led or very lean executive structure, which can contribute to lower administrative overhead.

In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a strong indicator of compliance and commitment to public disclosure. The readily available financial data allows for public scrutiny of their financial activities. The lack of reported officer compensation also contributes to a perception of financial prudence and transparency regarding executive pay.

Verdict: Oceanview Manor Inc appears trustworthy