Oar Community Residence Corp

Analysis

Oar Community Residence Corp is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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, Oar Community Residence Corp reported income of $75k and spending of $105k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $75k (+4.8%), an average of +4.8% a year. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oar Community Residence Corp sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Leading with Power ($75k), Crescenta Sports Association ($75k) and National Association for Rural Mental Health Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $346k against liabilities of $235k, net assets of $111k.