Ocl Properties IV Inc

Analysis

Ocl Properties IV Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Properties IV Inc reported income of $102k and spending of $143k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $102k (+23%), an average of +5.4% a year. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocl Properties IV Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Saperica Inc ($102k), Assisting Hands Foundation Inc ($102k) and Serenity Foundation Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $20k. At year end it held assets of $223k against liabilities of $26k, net assets of $197k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.