Otsego Endowment Foundation

Analysis

Otsego Endowment Foundation is a registered charity in United States, based in Tontogany, OH. It received its IRS tax-exemption ruling in February 1989, 37 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, Otsego Endowment Foundation reported income of $62k and spending of $33k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $62k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Otsego Endowment Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Central Iowa Symphony Association ($62k), Little League Baseball Inc ($62k) and Friends of the Tippecanoe County Public Library Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $1.4m against liabilities of $30k, net assets of $1.4m.