Otterbein Portage Valley Inc

Analysis

Otterbein Portage Valley Inc is a registered charity in United States, based in Pemberville, OH. It received its IRS tax-exemption ruling in September 1976, 50 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, Otterbein Portage Valley Inc reported income of $14.6m and spending of $14.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.6m to $14.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Otterbein Portage Valley Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Catholic Foundation for the Diocese of Davenport ($14.6m), Charles Armstrong School ($14.7m) and Lowell School ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $89k (0.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $46.6m against liabilities of $30.1m, net assets of $16.5m. It reported 303 employees.