Oloc Inc

Analysis

Oloc Inc is a registered charity in United States, based in Harrison, MI. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Oloc Inc reported income of $543k and spending of $260k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $256k to $543k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oloc Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Northern Bedrock Conservation Corps ($543k), Forging Industry Educational and Research Foundation ($544k) and Mississippi Hills Heritage Area Alliance Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. At year end it held assets of $646k against liabilities of $4,602, net assets of $642k.