Ola II Inc

Analysis

Ola II Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ola II Inc reported income of $85k and spending of $2,263, leaving 97% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $350k to $85k (-76%), an average of -30% a year. The sharpest change came in the year to June 2021, when income rose by 687%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ola II Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Sky View Villa ($85k), Patriot Community Development Inc ($85k) and Highland Affordable Housing Inc ($85k).

Other salaries and wages came to $1,026. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.