Oritel Inc

Analysis

Oritel Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2009, 17 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, Oritel Inc reported income of $385k and spending of $367k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $385k (-69%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oritel Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Tremont Area Ambulance Association ($385k), The Florida Research Institute for Equine Nurturing Devel & Saf ($385k) and Law Library Association of St Louis ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (36% of expenses). Other salaries and wages came to $44k. At year end it held assets of $479k against liabilities of $0, net assets of $479k.