Octavia Project Inc

Analysis

Octavia Project Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Octavia Project Inc reported income of $132k and spending of $155k, spending 118% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $176k to $132k (-25%), an average of -25% a year. The sharpest change came in the year to September 2023, when income dropped by 25%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Octavia Project Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Cwa Joe Beirne Foundation ($132k), Silver Fox Cheerleading Booster Club Inc ($132k) and National Transportation Diversity Council ($132k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $8,968, net assets of $5,699.