Ocarc Inc

Analysis

Ocarc Inc is a registered charity in United States, based in Orange, TX. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, Ocarc Inc reported income of $233k and spending of $267k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $233k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocarc Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include American Planning Association ($233k), American Alliance for Health Physical Education Rec & Dance ($233k) and Science Literacy Project ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 48% of the total. Other salaries and wages came to $82k. At year end it held assets of $337k against liabilities of $43k, net assets of $294k. It reported 10 employees.