Oic of South Florida Inc

Analysis

Oic of South Florida Inc is a registered charity in United States, based in Oakland Park, FL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover employment, 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 June 2023, Oic of South Florida Inc reported income of $7.3m and spending of $7.1m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.2m to $7.3m (+1.6%), an average of +0.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oic of South Florida Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Every Citizen Has Opportunities Inc ($7.3m), Strive Northwest ($7.3m) and Tri-Ko Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $495k (7.0% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $1.5m against liabilities of $874k, net assets of $655k. It reported 124 employees.