The Octet Collaborative Inc

Analysis

The Octet Collaborative Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2020, 6 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 June 2023, The Octet Collaborative Inc reported income of $218k and spending of $147k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $93k to $218k (+134%), an average of +134% a year. The sharpest change came in the year to June 2023, when income rose by 134%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Octet Collaborative Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Awakened Heart Project ($218k), Faith Commons ($218k) and Duke Ministry for Christ ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (44% of expenses). Other salaries and wages came to $465. At year end it held assets of $139k against liabilities of $2,622, net assets of $136k. It reported 3 employees.