Oci Healing Research Foundation Inc

Analysis

Oci Healing Research Foundation Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oci Healing Research Foundation Inc reported income of $82k and spending of $64k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $82k (+78%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oci Healing Research Foundation 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 32nd percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Hope in South Africa Inc ($82k), Kennedy Ladd Foundation ($82k) and Fertility Care Center of Reno Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $97k against liabilities of $0, net assets of $97k. It reported 1 employees.