Ocl Properity III East Inc

Analysis

Ocl Properity III East Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocl Properity III East Inc reported income of $67k and spending of $88k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $67k (+7.0%), an average of +7.0% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocl Properity III East Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include East Dallas Community Center Inc ($67k), Sourlis-Eleuterio Homes Inc ($67k) and Caldwell-Dawson Living Center Foundation Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. At year end it held assets of $128k against liabilities of $14k, net assets of $114k.