Onslow Community Outreach Inc

Analysis

Onslow Community Outreach Inc is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, Onslow Community Outreach Inc reported income of $3.5m and spending of $2.6m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.1m to $3.5m (+70%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Onslow Community Outreach Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Clarendon Foundation ($3.5m), Grandmas Marathon Duluth Inc ($3.5m) and U a Local 467 Apprenticeship and Training Trust ($3.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $75k (2.9% of expenses). Other salaries and wages came to $487k. At year end it held assets of $4.7m against liabilities of $1.3m, net assets of $3.4m. It reported 44 employees.