Advance Oc

Analysis

Advance Oc is a registered charity in United States, based in San Juan Capo, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Advance Oc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $398k to $1.1m (+177%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 273%. 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, Advance Oc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Families for Children Inc ($1.1m), Balanced Inc ($1.1m) and Society of St Vincent de Paul of Monroe Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $288k (26% of expenses). Other salaries and wages came to $168k. At year end it held assets of $134k against liabilities of $45k, net assets of $89k. It reported 5 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.