Oconnor Woods Housing Corporation

Analysis

Oconnor Woods Housing Corporation is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Oconnor Woods Housing Corporation reported income of $36.0m and spending of $39.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.9m to $36.0m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oconnor Woods Housing Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Edinburg Center Inc ($36.0m), Retirement Living Inc ($36.0m) and Areawide Council on Aging of Broward County Inc ($35.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $407k (1.0% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $77.7m against liabilities of $60.4m, net assets of $17.2m. It reported 421 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.