Onic-Hidden Cove Inc

Analysis

Onic-Hidden Cove Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Onic-Hidden Cove Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+11%), an average of +2.6% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Onic-Hidden Cove Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Midland Fair Havens Inc ($1.4m), Bishop Non-Profit Housing Corporation ($1.4m) and Adti Housing Corp ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $208k. At year end it held assets of $4.2m against liabilities of $3.3m, net assets of $965k.