Onamia Shores Inc

Analysis

Onamia Shores Inc is a registered charity in United States, based in Waite Park, MN. It received its IRS tax-exemption ruling in December 2018, 8 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 December 2023, Onamia Shores Inc reported income of $96k and spending of $81k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $96k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Onamia Shores Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Nelda Place Apartments Inc ($96k), Capital Area Housing Corporation ($96k) and Mental Health Association in Mid-Carolina Housing Corporation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $139k against liabilities of $265k, net assets of -$126k.