Ocl Properties XII Inc

Analysis

Ocl Properties XII Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in August 2007, 19 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 Properties XII Inc reported income of $123k and spending of $162k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $123k (+9.4%), an average of +2.3% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocl Properties XII 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 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Mirmar Properties Inc ($123k), Brookhaven Housing Corporation ($123k) and Westminster Gardens II Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.4m against liabilities of $23k, net assets of $1.4m.

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.