Ocean City Tabernacle Assoc
Ocean City Tabernacle Assoc. shows consistent assets but faces recurring deficits with expenses exceeding revenue in recent years.
EIN: 210738420 · Ocean City, NJ · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| Net Assets | $13.0M |
| Transparency Score | 85/100 |
Is Ocean City Tabernacle Assoc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean City Tabernacle Assoc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean City Tabernacle Assoc
Ocean City Tabernacle Assoc (EIN: 210738420) is a nonprofit organization based in Ocean City, NJ, classified under NTEE code X20. The organization reported total revenue of $1.9M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean City Tabernacle Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean City Tabernacle Assoc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-603,806 |
| Total Assets | $13.1M |
| Total Liabilities | $98K |
| Net Assets | $13.0M |
| Operating Margin | -42.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 77.4 months |
Financial Health Grade: B
In 2023, Ocean City Tabernacle Assoc reported a deficit of $604K with expenses exceeding revenue, holds 77.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean City Tabernacle Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.2% | +1.8% | +1.1% |
| 2022 | +22.8% | +17.8% | -10.6% |
| 2021 | +14.7% | +34.8% | +6.0% |
| 2020 | -4.9% | -18.6% | +3.1% |
| 2019 | +702.4% | +11.0% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean City Tabernacle Assoc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Ocean City Tabernacle Assoc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $604K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly favorable and suggests a volunteer-led or very lean administrative structure at the top.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ocean City Tabernacle Assoc's IRS 990 filings:
- Recurring periods where expenses exceed revenue, potentially indicating reliance on reserves or unsustainable spending patterns if not addressed.
Strengths
The following positive indicators were identified for Ocean City Tabernacle Assoc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
- Strong and stable asset base, consistently over $12 million, providing financial security.
- Very low liabilities relative to assets, demonstrating sound financial management.
- Long filing history (13 filings) suggests consistent operation and compliance.
Frequently Asked Questions about Ocean City Tabernacle Assoc
Is Ocean City Tabernacle Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean City Tabernacle Assoc (EIN: 210738420) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ocean City Tabernacle Assoc spend its money?
Ocean City Tabernacle Assoc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean City Tabernacle Assoc tax-deductible?
Ocean City Tabernacle Assoc is registered as a tax-exempt nonprofit (EIN: 210738420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ocean City Tabernacle Assoc's spending goes to programs?
Ocean City Tabernacle Assoc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean City Tabernacle Assoc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ocean City Tabernacle Assoc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ocean City Tabernacle Assoc located?
Ocean City Tabernacle Assoc is headquartered in Ocean City, New Jersey and files with the IRS under EIN 210738420. It is classified under NTEE code X20.
How many years of IRS 990 filings does Ocean City Tabernacle Assoc have?
Ocean City Tabernacle Assoc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Is Ocean City Tabernacle Assoc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its strong asset base, very low liabilities, and consistent reporting of 0% officer compensation, which suggests a high dedication to its mission and efficient use of funds.
Why do expenses sometimes exceed revenue?
The organization has experienced periods where expenses exceeded revenue, such as in 2023 ($2,036,450 expenses vs. $1,432,644 revenue) and 2018 ($1,394,819 expenses vs. $205,608 revenue). This could be due to strategic investments, one-time capital expenditures, or fluctuations in donation cycles, potentially covered by their substantial asset reserves.
What is the trend in the organization's assets?
The organization's assets have remained robust, consistently above $12 million, peaking at $15,140,143 in 2014 and standing at $13,140,324 in 2023. While there's been a slight decrease from earlier peaks, the overall asset base is very strong and stable.
How does the organization manage its liabilities?
The organization maintains very low liabilities relative to its assets. For example, in 2023, liabilities were $97,783 against assets of $13,140,324, indicating sound financial management and minimal debt burden.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that the organization does not pay its executives.
Filing History
IRS 990 filing history for Ocean City Tabernacle Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean City Tabernacle Assoc's revenue has grown by 42.6%, moving from $1.0M to $1.4M. Total assets decreased by 6% over the same period, from $14.0M to $13.1M. Total functional expenses rose by 35.2%, from $1.5M to $2.0M. In its most recent filing year (2023), Ocean City Tabernacle Assoc reported a deficit of $604K, with expenses exceeding revenue. The organization holds $98K in liabilities against $13.1M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.0M | $13.1M | $98K | — | — |
| 2022 | $2.2M | $2.0M | $13.0M | $131K | — | View 990 |
| 2021 | $1.8M | $1.7M | $14.5M | $61K | — | View 990 |
| 2020 | $1.6M | $1.3M | $13.7M | $78K | — | View 990 |
| 2019 | $1.6M | $1.5M | $13.3M | $62K | — | View 990 |
| 2018 | $206K | $1.4M | $12.2M | $133K | — | View 990 |
| 2017 | $934K | $1.8M | $14.0M | $160K | — | View 990 |
| 2016 | $1.6M | $2.1M | $14.3M | $189K | — | View 990 |
| 2015 | $3.2M | $2.4M | $14.9M | $461K | — | View 990 |
| 2014 | $2.1M | $2.7M | $15.1M | $426K | — | View 990 |
| 2013 | $2.0M | $2.6M | $16.3M | $532K | — | View 990 |
| 2012 | $2.8M | $1.6M | $15.7M | $189K | — | View 990 |
| 2011 | $1.0M | $1.5M | $14.0M | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.0M, and assets of $13.1M (revenue -35.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $13.0M (revenue +22.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $14.5M (revenue +14.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $13.7M (revenue -4.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $13.3M (revenue +702.4% year-over-year).
- 2018: Revenue of $206K, expenses of $1.4M, and assets of $12.2M (revenue -78.0% year-over-year).
- 2017: Revenue of $934K, expenses of $1.8M, and assets of $14.0M (revenue -41.9% year-over-year).
- 2016: Revenue of $1.6M, expenses of $2.1M, and assets of $14.3M (revenue -50.4% year-over-year).
- 2015: Revenue of $3.2M, expenses of $2.4M, and assets of $14.9M (revenue +52.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.7M, and assets of $15.1M (revenue +7.6% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.6M, and assets of $16.3M (revenue -28.7% year-over-year).
- 2012: Revenue of $2.8M, expenses of $1.6M, and assets of $15.7M (revenue +175.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.5M, and assets of $14.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean City Tabernacle Assoc:
Data Sources and Methodology
This transparency report for Ocean City Tabernacle Assoc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.