Otterbein Homes

Analysis

Otterbein Homes is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in January 1946, 80 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, Otterbein Homes reported income of $89.9m and spending of $92.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.0m to $89.9m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Otterbein Homes sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Pioneer Human Services ($89.9m), Second Harvest Food Bank of Orange County Inc ($90.0m) and Nysarc Inc ($89.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.8m (2.0% of expenses). Other salaries and wages came to $43.0m. At year end it held assets of $191.0m against liabilities of $131.4m, net assets of $59.5m. It reported 1,898 employees.