On Our Own III Inc

Analysis

On Our Own III Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in September 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, On Our Own III Inc reported income of $92k and spending of $132k, spending 144% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $84k to $92k (+9.6%), an average of +3.1% a year. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, On Our Own III Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within AR. Charities of a similar size with the same main cause include Fairbank Development Corporation ($92k), Xerocraft ($92k) and West Allis-West Milwaukee Family Resource Center ($92k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $377k against liabilities of $12k, net assets of $366k.

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.