Ocean Community Economic Action Now Inc
Ocean Community Economic Action Now Inc: Stable Finances, High Program Spending
EIN: 221804345 · Toms River, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $15.2M |
| Total Expenses | $14.0M |
| Program Spending | 85% |
| Net Assets | $12.0M |
| Transparency Score | 75/100 |
Is Ocean Community Economic Action Now Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Community Economic Action Now Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Community Economic Action Now Inc
Ocean Community Economic Action Now Inc (EIN: 221804345) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $15.2M and total assets of $24.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Community Economic Action Now Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Community Economic Action Now Inc is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.8M |
| Total Expenses | $14.0M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $23.4M |
| Total Liabilities | $11.4M |
| Net Assets | $12.0M |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 48.8% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Ocean Community Economic Action Now Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 48.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Community Economic Action Now Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | -2.2% | +5.0% |
| 2022 | -16.4% | -6.9% | -4.1% |
| 2021 | +43.8% | +8.2% | +5.4% |
| 2020 | -8.2% | +11.3% | -2.6% |
| 2019 | +3.3% | +1.7% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
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 Community Economic Action Now Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ocean Community Economic Action Now Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.8%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, making a specific assessment impossible without further filing review.
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.
Strengths
The following positive indicators were identified for Ocean Community Economic Action Now Inc:
- Consistent revenue generation, averaging over $13 million annually.
- Strong asset base, consistently above $20 million, indicating financial stability.
- High percentage of spending directed towards programs, as evidenced by expense breakdowns in filings.
Frequently Asked Questions about Ocean Community Economic Action Now Inc
Is Ocean Community Economic Action Now Inc a legitimate charity?
Ocean Community Economic Action Now Inc (EIN: 221804345) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.2M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Ocean Community Economic Action Now Inc spend its money?
Ocean Community Economic Action Now Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ocean Community Economic Action Now Inc tax-deductible?
Ocean Community Economic Action Now Inc is registered as a tax-exempt nonprofit (EIN: 221804345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ocean Community Economic Action Now Inc's spending goes to programs?
Ocean Community Economic Action Now Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ocean Community Economic Action Now Inc located?
Ocean Community Economic Action Now Inc is headquartered in Toms River, New Jersey and files with the IRS under EIN 221804345.
How many years of IRS 990 filings does Ocean Community Economic Action Now Inc have?
Ocean Community Economic Action Now Inc 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 $15.2M in total revenue.
What does Ocean Community Economic Action Now Inc do?
Ocean Community Economic Action Now Inc is a nonprofit organization in the Unknown sector, located in Toms River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Ocean Community Economic Action Now Inc have?
Ocean Community Economic Action Now Inc reported total revenue of $15,162,408. Based on 13 IRS 990 filings on record.
What are Ocean Community Economic Action Now Inc's total assets?
Ocean Community Economic Action Now Inc holds total assets of $23,950,996 as reported in IRS 990 filings.
Where is Ocean Community Economic Action Now Inc located?
Ocean Community Economic Action Now Inc is based in Toms River, New Jersey.
What is Ocean Community Economic Action Now Inc's EIN?
Ocean Community Economic Action Now Inc's Employer Identification Number (EIN) is 221804345. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ocean Community Economic Action Now Inc?
Ocean Community Economic Action Now Inc is classified under NTEE code Unknown (Unknown).
Is Ocean Community Economic Action Now Inc a registered 501(c)(3)?
Ocean Community Economic Action Now Inc appears in IRS records (EIN: 221804345). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ocean Community Economic Action Now Inc file IRS Form 990?
Yes, Ocean Community Economic Action Now Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ocean Community Economic Action Now Inc's revenue in 2023?
In the 202312 filing period, Ocean Community Economic Action Now Inc reported total revenue of $15,757,678, total expenses of $13,986,968, and net assets of $23,437,874.
Is Ocean Community Economic Action Now Inc's revenue growing or declining?
Ocean Community Economic Action Now Inc's revenue is growing. Revenue went from $14,455,709 (202212) to $15,757,678 (202312), a +9.0% change. Based on 13 filings on record.
What is Ocean Community Economic Action Now Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ocean Community Economic Action Now Inc covers tax period 202312. It shows revenue of $15,757,678, expenses of $13,986,968, total assets of $23,437,874, and liabilities of $11,436,690.
How much does Ocean Community Economic Action Now Inc spend on programs vs administration?
Based on IRS 990 analysis, Ocean Community Economic Action Now Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Ocean Community Economic Action Now Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ocean Community Economic Action Now Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Ocean Community Economic Action Now Inc's strengths?
Positive indicators for Ocean Community Economic Action Now Inc include: Consistent revenue generation, averaging over $13 million annually.. Strong asset base, consistently above $20 million, indicating financial stability.. High percentage of spending directed towards programs, as evidenced by expense breakdowns in filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Ocean Community Economic Action Now Inc compensate executives?
Executive compensation details are not provided in the given data, making a specific assessment impossible without further filing review. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain a stable asset base despite fluctuations in annual revenue?
The organization's asset base has remained robust, consistently above $20 million, suggesting effective asset management and potentially significant non-operating income or investment strategies that buffer revenue variations.
Filing History
IRS 990 filing history for Ocean Community Economic Action Now Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Community Economic Action Now Inc's revenue has grown by 3.8%, moving from $15.2M to $15.8M. Total assets increased by 38.2% over the same period, from $17.0M to $23.4M. Total functional expenses fell by 3.6%, from $14.5M to $14.0M. In its most recent filing year (2023), Ocean Community Economic Action Now Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $11.4M in liabilities against $23.4M in assets (debt-to-asset ratio: 48.8%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.8M | $14.0M | $23.4M | $11.4M | — | View 990 |
| 2022 | $14.5M | $14.3M | $22.3M | $12.1M | — | — |
| 2021 | $17.3M | $15.4M | $23.3M | $13.2M | — | View 990 |
| 2020 | $12.0M | $14.2M | $22.1M | $13.9M | — | — |
| 2019 | $13.1M | $12.7M | $22.7M | $12.4M | — | View 990 |
| 2018 | $12.7M | $12.5M | $20.7M | $11.2M | — | View 990 |
| 2017 | $13.6M | $13.2M | $20.5M | $11.2M | — | View 990 |
| 2016 | $13.8M | $13.6M | $18.9M | $9.9M | — | View 990 |
| 2015 | $15.9M | $17.1M | $18.9M | $12.4M | — | View 990 |
| 2014 | $70.0M | $71.3M | $22.8M | $15.4M | — | View 990 |
| 2013 | $15.2M | $15.1M | $17.2M | $8.5M | — | View 990 |
| 2012 | $16.0M | $15.7M | $18.6M | $9.9M | — | View 990 |
| 2011 | $15.2M | $14.5M | $17.0M | $8.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.8M, expenses of $14.0M, and assets of $23.4M (revenue +9.0% year-over-year).
- 2022: Revenue of $14.5M, expenses of $14.3M, and assets of $22.3M (revenue -16.4% year-over-year).
- 2021: Revenue of $17.3M, expenses of $15.4M, and assets of $23.3M (revenue +43.8% year-over-year).
- 2020: Revenue of $12.0M, expenses of $14.2M, and assets of $22.1M (revenue -8.2% year-over-year).
- 2019: Revenue of $13.1M, expenses of $12.7M, and assets of $22.7M (revenue +3.3% year-over-year).
- 2018: Revenue of $12.7M, expenses of $12.5M, and assets of $20.7M (revenue -6.9% year-over-year).
- 2017: Revenue of $13.6M, expenses of $13.2M, and assets of $20.5M (revenue -1.3% year-over-year).
- 2016: Revenue of $13.8M, expenses of $13.6M, and assets of $18.9M (revenue -13.5% year-over-year).
- 2015: Revenue of $15.9M, expenses of $17.1M, and assets of $18.9M (revenue -77.2% year-over-year).
- 2014: Revenue of $70.0M, expenses of $71.3M, and assets of $22.8M (revenue +359.8% year-over-year).
- 2013: Revenue of $15.2M, expenses of $15.1M, and assets of $17.2M (revenue -4.6% year-over-year).
- 2012: Revenue of $16.0M, expenses of $15.7M, and assets of $18.6M (revenue +5.1% year-over-year).
- 2011: Revenue of $15.2M, expenses of $14.5M, and assets of $17.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Community Economic Action Now Inc:
Data Sources and Methodology
This transparency report for Ocean Community Economic Action Now Inc 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.