Ocl Properties VII Inc

Analysis

Ocl Properties VII Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 VII Inc reported income of $99k and spending of $126k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $99k (+19%), an average of +4.4% 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 VII Inc sits at the 27th percentile: it is larger than about 27% 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 Outlaw Foundation Inc ($99k), Gift of Vision Foundation ($99k) and Serenity Care Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $20k. At year end it held assets of $442k against liabilities of $22k, net assets of $421k.

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.