Ocala United Inc

Analysis

Ocala United Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Ocala United Inc reported income of $259k and spending of $267k, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $137k to $259k (+89%), an average of +89% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ocala United Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Caring for the Heart Ministries ($259k), Apocalypse Ministries Inc ($259k) and Whitefield Project ($259k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $62k (23% of expenses). At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 1 employees.