Owl 360

Analysis

Owl 360 is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Owl 360 reported income of $339k and spending of $183k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $221k to $339k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Owl 360 sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include El Paso Good Samaritan Housing Inc ($339k), Fuller Center for Housing of Central Indiana Inc ($339k) and Livingston Manor Senior Apartments Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $35k (19% of expenses). Other salaries and wages came to $64k. At year end it held assets of $355k against liabilities of $9,521, net assets of $345k. It reported 11 employees.