On Lok Inc HCSR

Analysis

On Lok Inc HCSR is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, On Lok Inc HCSR reported income of $22.6m and spending of $26.0m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $22.6m (+188%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 91%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, On Lok Inc HCSR 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 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include The Southeastern Council on Alcoholism and Drug Dependence Inc ($22.6m), Washburn Center for Children ($22.6m) and Community Blood Center Inc ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.5m (9.4% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $17.0m against liabilities of $3.2m, net assets of $13.8m. It reported 100 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.