Otem Collective Inc

Analysis

Otem Collective Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Otem Collective Inc reported income of $83k and spending of $113k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $83k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Otem Collective Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Mission Zoom Inc ($83k), Mlife ($83k) and St Francis Homeless Project Inc ($83k).

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 $3,577 against liabilities of $3,726, net assets of -$149.