Ocl Properties V Inc

Analysis

Ocl Properties V Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 V Inc reported income of $123k and spending of $156k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $123k (+23%), an average of +5.3% a year. Over the whole period it spent 138% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ocl Properties V Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Southwest Lending Closet Inc ($123k), Chas Foundation ($123k) and Roanoke Emergency Medical SVC Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Other salaries and wages came to $26k. At year end it held assets of $344k against liabilities of $20k, net assets of $324k.

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.