Oic Holding Corp

Analysis

Oic Holding Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oic Holding Corp reported income of $215k and spending of $3.1m, spending 1440% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $364k to $215k (-41%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 1095% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oic Holding Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Epilepsy Foundation of Delaware ($215k), Susan B Allen Memorial Hospital Foundation ($215k) and A Way Forward Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $35.3m against liabilities of $40.0m, net assets of -$4.7m.

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.