Otg Charities Inc

Analysis

Otg Charities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Otg Charities Inc reported income of $85k and spending of $97k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $250k to $85k (-66%), an average of -30% a year. The sharpest change came in the year to December 2022, when income rose by 240%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Otg Charities Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Bring It ($85k), Shilo NJ ($85k) and The J Mitchell Cox Jr Foundation ($85k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,315 against liabilities of $1,000, net assets of $1,315.

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.