Oceana Senior Housing Corporation

Analysis

Oceana Senior Housing Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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, Oceana Senior Housing Corporation reported income of $570k and spending of $646k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $570k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oceana Senior Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Open Door Food Pantry Inc ($570k), Spectrum Ministries Inc ($570k) and Economic History Association ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$391k.