Ocab Inc Community Action Agency

Analysis

Ocab Inc Community Action Agency is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 January 2024, Ocab Inc Community Action Agency reported income of $10.8m and spending of $12.1m, spending 113% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $12.0m to $10.8m (-10%), an average of -2.6% a year. The sharpest change came in the year to January 2022, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ocab Inc Community Action Agency sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include National Main Street Center Inc ($10.7m), South Central Industries Inc ($10.8m) and Coalfield Community Action Partnership Inc ($10.7m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $170k (1.4% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $7.4m against liabilities of $10.5m, net assets of -$3.0m. It reported 155 employees.

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.