Oconor Homes Incorporated

Analysis

Oconor Homes Incorporated is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in January 2006, 20 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 (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Oconor Homes Incorporated reported income of $63k and spending of $97k, spending 154% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $73k to $63k (-13%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oconor Homes Incorporated sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Etl Apartments Inc ($63k), Brandywine Apartments Inc ($63k) and Camden 2011 Supportive Housing Inc ($63k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $842k against liabilities of $1.1m, net assets of -$218k.

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.