October Magazine Ltd

Analysis

October Magazine Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1985, 41 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, October Magazine Ltd reported income of $107k and spending of $148k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $145k to $107k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, October Magazine Ltd sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include C R W U School Do Medicine Endowmnt Tr-Aid Support Staf ($107k), PTA California Congress of Parents Teachers & Students Inc ($107k) and Alexanders Future Foundation ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $111k against liabilities of $3,321, net assets of $108k.