Octavo Singers of Schenectady New York Inc

Analysis

Octavo Singers of Schenectady New York Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in March 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Octavo Singers of Schenectady New York Inc reported income of $62k and spending of $48k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $43k to $62k (+42%), an average of +42% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Octavo Singers of Schenectady New York Inc 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 26th percentile within NY. Charities of a similar size with the same main cause include Mahasatipatthana Meditation Center Inc ($62k), Forks Community Hospital Foundation ($62k) and Woodland Home for Orphans and Friendless ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 43% of the total. At year end it held assets of $58k against liabilities of $1,127, net assets of $57k.