Ocl Properties IX Inc

Analysis

Ocl Properties IX Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in July 2004, 22 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, Ocl Properties IX Inc reported income of $122k and spending of $185k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $122k (+16%), an average of +3.8% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocl Properties IX 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 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Crider Center C H O I C E S Inc ($122k), Mount Hope Housing Co Inc ($123k) and At the Fountain Transitional Living ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Other salaries and wages came to $26k. At year end it held assets of $954k against liabilities of $46k, net assets of $908k.

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.