Octo

Analysis

Octo is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in June 2001, 25 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, Octo reported income of $181k and spending of $129k, leaving 29% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $444k to $181k (-59%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Octo sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($181k), Partch Ensemble ($181k) and New Vintage Baroque Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $69k (53% of expenses). Other salaries and wages came to $36k. At year end it held assets of $58k against liabilities of $7,130, net assets of $51k. It reported 1 employees.