Ocean Housing Foundation

Analysis

Ocean Housing Foundation is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in September 2000, 26 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 (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, Ocean Housing Foundation reported income of $145k and spending of $375k, spending 259% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $137k to $145k (+5.7%), an average of +1.4% a year. Over the whole period it spent 235% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocean Housing Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Diamond State C L T Inc ($145k), Gateway Community Development Corporation ($145k) and Habitat for Humanity International Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. At year end it held assets of $2.3m against liabilities of $5.0m, net assets of -$2.7m.

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.