Otsego 2000 Inc

Analysis

Otsego 2000 Inc is a registered charity in United States, based in Cooperstown, NY. It received its IRS tax-exemption ruling in March 1984, 42 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 March 2024, Otsego 2000 Inc reported income of $441k and spending of $461k, spending 105% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $313k to $441k (+41%), an average of +8.9% a year. The sharpest change came in the year to March 2021, when income rose by 51%. 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, Otsego 2000 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Veterans Entrepreneurship Initiative ($441k), Southeast Iowa Mennonite Camp Association Inc ($441k) and American Risk & Insurance Assn Inc ($441k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 74% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $78k (17% of expenses). Other salaries and wages came to $119k. At year end it held assets of $623k against liabilities of $234, net assets of $623k. It reported 5 employees.