Ocl Properties Xiv Inc

Analysis

Ocl Properties Xiv Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Ocl Properties Xiv Inc reported income of $124k and spending of $176k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $124k (+8.4%), an average of +2.0% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocl Properties Xiv Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include The Bashor Homeless Mens Night Shelter Inc ($124k), Osage Heights Senior Housing Inc ($124k) and Magnolia Housing Corporation of Natchitoches Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.5m against liabilities of $21k, net assets of $1.5m.

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.