Ocl Properties XI Inc

Analysis

Ocl Properties XI Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in July 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 XI Inc reported income of $109k and spending of $164k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $109k (+1.5%), an average of +0.4% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocl Properties XI Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Pecan Village Inc ($109k), Joseph Michalowski Housing Corporation ($109k) and Bethany Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.3m against liabilities of $65k, net assets of $1.2m.

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.