Oceana County Development Corporation

Analysis

Oceana County Development Corporation is a registered charity in United States, based in Shelby, MI. It received its IRS tax-exemption ruling in June 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, Oceana County Development Corporation reported income of $1.8m and spending of $121k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $1.8m (+810%), an average of +810% a year. The sharpest change came in the year to December 2023, when income rose by 810%. Over the whole period it spent 6.4% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oceana County Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Eastside Home Association ($1.8m), Columbia Catholic Housing for the Elderly II Inc ($1.8m) and Alliance for Building Communities ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.4m against liabilities of $2.6m, net assets of $1.9m.