Ozone House Inc

Analysis

Ozone House Inc is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Ozone House Inc reported income of $3.4m and spending of $3.9m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.3m to $3.4m (-36%), an average of -10% a year. The sharpest change came in the year to September 2021, when income dropped by 29%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ozone House Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Activate Work Inc ($3.4m), Del Harbor Foundation ($3.4m) and St Andrews Resources for Seniorssystem ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (3.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.8m against liabilities of $144k, net assets of $7.6m. It reported 64 employees.