Ocean Shores Food Bank
EIN: 463480003 · Ocean Shores, WA · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $724K |
| Total Expenses | $529K |
| Net Assets | $960K |
Is Ocean Shores Food Bank Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean Shores Food Bank
Ocean Shores Food Bank (EIN: 463480003) is a nonprofit organization based in Ocean Shores, WA, classified under NTEE code K31. The organization reported total revenue of $724K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Shores Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Shores Food Bank is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $569K |
| Total Expenses | $529K |
| Surplus / Deficit | +$41K |
| Total Assets | $960K |
| Net Assets | $960K |
| Operating Margin | 7.2% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, Ocean Shores Food Bank reported a surplus of $41K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Ocean Shores Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +3.5% | +56.7% |
| 2022 | -14.7% | +7.0% | -9.3% |
| 2021 | +2.5% | +3.0% | +29.6% |
| 2020 | +48.5% | +19.2% | +46.1% |
| 2019 | +1.7% | +2.0% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ocean Shores Food Bank has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Shores Food Bank with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
Frequently Asked Questions about Ocean Shores Food Bank
Is Ocean Shores Food Bank a legitimate charity?
Ocean Shores Food Bank (EIN: 463480003) is a registered tax-exempt nonprofit based in Washington. It has 11 years of IRS 990 filings on record. Total revenue: $724K. No red flags identified. Financial health grade: A.
How does Ocean Shores Food Bank spend its money?
Ocean Shores Food Bank reported $724K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ocean Shores Food Bank tax-deductible?
Ocean Shores Food Bank is registered as a tax-exempt nonprofit (EIN: 463480003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Shores Food Bank located?
Ocean Shores Food Bank is headquartered in Ocean Shores, Washington and files with the IRS under EIN 463480003. It is classified under NTEE code K31.
How many years of IRS 990 filings does Ocean Shores Food Bank have?
Ocean Shores Food Bank has 11 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 $724K in total revenue.
Filing History
IRS 990 filing history for Ocean Shores Food Bank showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Ocean Shores Food Bank's revenue has grown by 177.3%, moving from $205K to $569K. Total assets increased by 602.8% over the same period, from $137K to $960K. Total functional expenses rose by 199.6%, from $176K to $529K. In its most recent filing year (2023), Ocean Shores Food Bank reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $569K | $529K | $960K | $0 | — | View 990 |
| 2022 | $539K | $510K | $612K | $0 | — | — |
| 2021 | $632K | $477K | $675K | $0 | — | — |
| 2020 | $617K | $463K | $521K | $0 | — | View 990 |
| 2019 | $415K | $389K | $357K | $0 | — | View 990 |
| 2018 | $409K | $381K | $336K | $6K | — | View 990 |
| 2017 | $353K | $327K | $250K | $0 | — | View 990 |
| 2016 | $329K | $319K | $225K | $0 | — | View 990 |
| 2015 | $341K | $294K | $215K | $0 | — | View 990 |
| 2014 | $330K | $294K | $168K | $42 | — | View 990 |
| 2013 | $205K | $176K | $137K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $569K, expenses of $529K, and assets of $960K (revenue +5.5% year-over-year).
- 2022: Revenue of $539K, expenses of $510K, and assets of $612K (revenue -14.7% year-over-year).
- 2021: Revenue of $632K, expenses of $477K, and assets of $675K (revenue +2.5% year-over-year).
- 2020: Revenue of $617K, expenses of $463K, and assets of $521K (revenue +48.5% year-over-year).
- 2019: Revenue of $415K, expenses of $389K, and assets of $357K (revenue +1.7% year-over-year).
- 2018: Revenue of $409K, expenses of $381K, and assets of $336K (revenue +15.8% year-over-year).
- 2017: Revenue of $353K, expenses of $327K, and assets of $250K (revenue +7.4% year-over-year).
- 2016: Revenue of $329K, expenses of $319K, and assets of $225K (revenue -3.7% year-over-year).
- 2015: Revenue of $341K, expenses of $294K, and assets of $215K (revenue +3.5% year-over-year).
- 2014: Revenue of $330K, expenses of $294K, and assets of $168K (revenue +60.8% year-over-year).
- 2013: Revenue of $205K, expenses of $176K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Shores Food Bank:
Data Sources and Methodology
This transparency report for Ocean Shores Food Bank 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.