Ocean Park Association
Ocean Park Association maintains stable finances with volunteer leadership and consistent asset growth.
EIN: 10223014 · Ocean Park, ME · NTEE: S220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $636K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $3.5M |
| Transparency Score | 88/100 |
Is Ocean Park Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Park Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Park Association
Ocean Park Association (EIN: 10223014) is a nonprofit organization based in Ocean Park, ME, classified under NTEE code S220. The organization reported total revenue of $2.4M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Park Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Park Association is a mid-size nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $771K |
| Total Expenses | $636K |
| Surplus / Deficit | +$135K |
| Total Assets | $3.6M |
| Total Liabilities | $50K |
| Net Assets | $3.5M |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 67.0 months |
Financial Health Grade: A
In 2023, Ocean Park Association reported a surplus of $135K with revenue exceeding expenses, holds 67.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Park Association's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | -9.3% | +6.0% |
| 2022 | +1.0% | +22.7% | -11.7% |
| 2021 | +40.6% | +12.4% | +8.3% |
| 2020 | -23.5% | -6.3% | +2.8% |
| 2019 | -9.6% | +2.5% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Park Association with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ocean Park Association 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 $135K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer roles, which is highly efficient for an organization with annual expenses typically under $700,000.
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 Park Association's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Ocean Park Association:
- Consistent reporting of 0% officer compensation, indicating highly efficient leadership structure.
- Strong asset base ($3,757,903) relative to annual expenses (e.g., $636,154 in 2023), demonstrating financial stability.
- Positive net income in most recent years (e.g., $135,022 in 2023, $114,908 in 2021), showing financial health.
- Low liabilities relative to assets (e.g., $50,024 liabilities vs. $3,550,766 assets in 2023), indicating good financial management.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Ocean Park Association
Is Ocean Park Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Park Association (EIN: 10223014) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Ocean Park Association spend its money?
Ocean Park Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean Park Association tax-deductible?
Ocean Park Association is registered as a tax-exempt nonprofit (EIN: 10223014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean Park Association CEO make?
Ocean Park Association's highest-compensated officer earns $700,000. annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean Park Association's spending goes to programs?
Ocean Park Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Park Association compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Ocean Park Association is above average for NTEE category S220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ocean Park Association located?
Ocean Park Association is headquartered in Ocean Park, Maine and files with the IRS under EIN 10223014. It is classified under NTEE code S220.
How many years of IRS 990 filings does Ocean Park Association have?
Ocean Park Association 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 $2.4M in total revenue.
Is Ocean Park Association a good charity?
Based on the available data, Ocean Park Association appears to be a good charity. It demonstrates strong financial stability with assets consistently over $3 million, low liabilities, and a history of covering its expenses. The reported 0% officer compensation is a significant positive indicator of efficient resource allocation.
How does Ocean Park Association manage its leadership compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its leadership is either entirely volunteer-based or compensated through roles not classified as 'officer compensation,' which is a highly efficient model.
What is the trend in Ocean Park Association's financial health?
Ocean Park Association shows a stable to improving financial trend. While revenue and expenses fluctuate year-to-year, assets have generally grown, reaching $3,757,903 most recently, and the organization has maintained positive net income in several recent periods, including $135,022 in 2023.
Filing History
IRS 990 filing history for Ocean Park Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Park Association's revenue has grown by 76.8%, moving from $436K to $771K. Total assets increased by 81.5% over the same period, from $2.0M to $3.6M. Total functional expenses rose by 51.7%, from $419K to $636K. In its most recent filing year (2023), Ocean Park Association reported a surplus of $135K, with revenue exceeding expenses. The organization holds $50K in liabilities against $3.6M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $771K | $636K | $3.6M | $50K | — | View 990 |
| 2022 | $693K | $702K | $3.4M | $25K | — | View 990 |
| 2021 | $686K | $572K | $3.8M | $33K | — | View 990 |
| 2020 | $488K | $508K | $3.5M | $44K | — | — |
| 2019 | $638K | $543K | $3.4M | $58K | — | View 990 |
| 2018 | $706K | $529K | $3.2M | $40K | — | View 990 |
| 2017 | $588K | $528K | $3.1M | $71K | — | View 990 |
| 2016 | $461K | $556K | $3.0M | $29K | — | View 990 |
| 2015 | $441K | $468K | $3.1M | $56K | — | View 990 |
| 2014 | $650K | $565K | $3.1M | $30K | — | View 990 |
| 2013 | $1.3M | $510K | $3.1M | $141K | — | View 990 |
| 2012 | $673K | $442K | $2.3M | $86K | — | View 990 |
| 2011 | $436K | $419K | $2.0M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $771K, expenses of $636K, and assets of $3.6M (revenue +11.3% year-over-year).
- 2022: Revenue of $693K, expenses of $702K, and assets of $3.4M (revenue +1.0% year-over-year).
- 2021: Revenue of $686K, expenses of $572K, and assets of $3.8M (revenue +40.6% year-over-year).
- 2020: Revenue of $488K, expenses of $508K, and assets of $3.5M (revenue -23.5% year-over-year).
- 2019: Revenue of $638K, expenses of $543K, and assets of $3.4M (revenue -9.6% year-over-year).
- 2018: Revenue of $706K, expenses of $529K, and assets of $3.2M (revenue +20.1% year-over-year).
- 2017: Revenue of $588K, expenses of $528K, and assets of $3.1M (revenue +27.6% year-over-year).
- 2016: Revenue of $461K, expenses of $556K, and assets of $3.0M (revenue +4.4% year-over-year).
- 2015: Revenue of $441K, expenses of $468K, and assets of $3.1M (revenue -32.1% year-over-year).
- 2014: Revenue of $650K, expenses of $565K, and assets of $3.1M (revenue -49.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $510K, and assets of $3.1M (revenue +91.5% year-over-year).
- 2012: Revenue of $673K, expenses of $442K, and assets of $2.3M (revenue +54.2% year-over-year).
- 2011: Revenue of $436K, expenses of $419K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Park Association:
Data Sources and Methodology
This transparency report for Ocean Park Association 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.