Ocotillo Foundation Inc

Analysis

Ocotillo Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ocotillo Foundation Inc reported income of $310k and spending of $107k, leaving 66% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $260k to $310k (+19%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ocotillo Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Seek & Find Ministries ($310k), Conectar Global ($310k) and Orthodox Ecumenical Church Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.7% of the total. At year end it held assets of $726k against liabilities of $0, net assets of $726k.