Otsar Corp

Analysis

Otsar Corp is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Otsar Corp reported income of $197k and spending of $156k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $197k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Otsar Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include NTR Foundation USA ($197k), Backpacks of Love Inc ($197k) and Mosaic of North Central Wisconsin Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $849k.