Optimo Foundation

Analysis

Optimo Foundation is a registered charity in United States, based in Bloomsburg, PA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Optimo Foundation reported income of $100k and spending of $6,674, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $100k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 3.4% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Optimo Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Manhattan 2 Group Inc ($100k), Communitarian Network ($100k) and Harvard University Band Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $363k against liabilities of $0, net assets of $363k.