Octagon Performance Group Inc

Analysis

Octagon Performance Group Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Octagon Performance Group Inc reported income of $66k and spending of $66k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $66k (-5.4%), an average of -5.4% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Octagon Performance Group Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Music on the Delaware Inc ($66k), Texas Medical Center Orchestra ($66k) and Huntington Beach Symphony Orchestra ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.