Ocl Properties VI Inc

Analysis

Ocl Properties VI Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in July 2000, 26 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 VI Inc reported income of $100k and spending of $125k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $100k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocl Properties VI 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 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Helping Hands of Potsdam Inc ($100k), Niceville Catholic Outreach ($100k) and Home Share ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. Other salaries and wages came to $20k. At year end it held assets of $368k against liabilities of $29k, net assets of $339k.

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.