Ocl Properties VIII Inc

Analysis

Ocl Properties VIII Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Ocl Properties VIII Inc reported income of $151k and spending of $216k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $151k (+12%), an average of +2.8% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocl Properties VIII Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Asi Greeley Inc a Colorado Corporation ($151k), Dome District Apartments ($151k) and Specialized Housing VII ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.0m against liabilities of $35k, net assets of $1.0m.

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.