On Our Own IV Inc

Analysis

On Our Own IV 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 IV Inc reported income of $61k and spending of $95k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $61k to $61k (-0.7%), an average of -0.2% a year. Over the whole period it spent 137% 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 IV Inc 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 24th percentile, and in the 22nd percentile within AR. Charities of a similar size with the same main cause include Hinze Homes Inc ($61k), Better Homes for North Carolina Inc ($61k) and West Hills Housing Corporation ($61k).

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 $500k against liabilities of $61k, net assets of $440k.

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.