On Our Own V Inc

Analysis

On Our Own V Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in June 2003, 23 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, On Our Own V Inc reported income of $58k and spending of $87k, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $57k to $58k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, On Our Own V Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within AR. Charities of a similar size with the same main cause include St James the Less Conference Society of St Vincent de Paul ($58k), Aultman Home for Aged Women Inc ($58k) and Harmony Christian Community ($58k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $514k against liabilities of $105k, net assets of $409k.

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.