On Lok Community Housing Inc

Analysis

On Lok Community Housing Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, On Lok Community Housing Inc reported income of $4.0m and spending of $4.6m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.0m (+30%), an average of +6.9% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, On Lok Community Housing Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Gospel Center Rescue Mission Inc ($4.0m), Hawaii Assisted Housing Inc ($4.1m) and Independent Housing I Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $27.1m against liabilities of $17.3m, net assets of $9.8m. It reported 13 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.