Octagon Sequence of Eight Inc

Analysis

Octagon Sequence of Eight Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 April 2023, Octagon Sequence of Eight Inc reported income of $312k and spending of $268k, spending 86% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $282k to $312k (+11%), an average of +2.6% a year. The sharpest change came in the year to April 2023, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Octagon Sequence of Eight Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Law N Paws ($312k), Renaissance Rescue Inc ($312k) and Kindness Counts ($312k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. At year end it held assets of $646k against liabilities of $6,242, net assets of $640k.