Optimist Club Foundation of Bazetta -Cortland Ohio Inc

Analysis

Optimist Club Foundation of Bazetta -Cortland Ohio Inc is a registered charity in United States, based in Cortland, OH. It received its IRS tax-exemption ruling in August 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Optimist Club Foundation of Bazetta -Cortland Ohio Inc reported income of $411k and spending of $458k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $920k to $411k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Optimist Club Foundation of Bazetta -Cortland Ohio Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Autism Pensacola Inc ($411k), Jamison Museum Association Inc ($411k) and Northwest Environmental Defense Center ($411k).

At year end it held assets of $603k against liabilities of $0, net assets of $603k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.