Oc Homecare Foundation

Analysis

Oc Homecare Foundation is a registered charity in United States, based in Laguna Niguel, CA. It received its IRS tax-exemption ruling in August 2019, 7 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, Oc Homecare Foundation reported income of $595k and spending of $581k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.6m to $595k (-63%), an average of -39% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oc Homecare Foundation 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 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Maya Organization ($595k), Renew Inc ($595k) and Cardiff Orthodox Housing Foundation ($595k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $17k (2.9% of expenses). Other salaries and wages came to $85k. At year end it held assets of $14k against liabilities of $284k, net assets of -$270k.