Octavia Foundation
Octavia Foundation's assets halved since 2015 due to persistent operating deficits.
EIN: 203393226 · Reno, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $247K |
| Total Expenses | $180K |
| Program Spending | 60% |
| Net Assets | $1.2M |
| Transparency Score | 45/100 |
Is Octavia Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Octavia Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Octavia Foundation
Octavia Foundation (EIN: 203393226) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $247K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Octavia Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Octavia Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $180K |
| Surplus / Deficit | $-130,591 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -264.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 80.3 months |
Financial Health Grade: B
In 2023, Octavia Foundation reported a deficit of $131K with expenses exceeding revenue, holds 80.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Octavia Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.9% | -3.0% | -9.8% |
| 2022 | -31.0% | -35.3% | -6.6% |
| 2021 | +99.1% | +2.4% | -9.8% |
| 2020 | -29.6% | -7.9% | -11.9% |
| 2019 | -85.0% | -28.5% | -21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Octavia Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Octavia Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Octavia Foundation's IRS 990 filings:
- Persistent operating deficits: Expenses consistently exceed revenue, leading to asset depletion (e.g., 2023 revenue $49,297 vs. expenses $179,888).
- Significant decline in assets: Assets have decreased by over 50% from $2,295,536 in 2015 to $1,156,662 currently.
- Sharp decline in revenue: Revenue has fallen from $840,839 in 2014 to $49,297 in 2023, indicating potential issues with fundraising or funding sources.
- Unsustainable financial trend: The current financial trajectory is not sustainable in the long term without significant changes to revenue generation or expense management.
Strengths
The following positive indicators were identified for Octavia Foundation:
- No officer compensation reported: Officer compensation has consistently been 0% across all filings, indicating a commitment to minimizing administrative overhead in this area.
Frequently Asked Questions about Octavia Foundation
Is Octavia Foundation a legitimate charity?
Octavia Foundation (EIN: 203393226) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $247K. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Octavia Foundation spend its money?
Octavia Foundation directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Octavia Foundation tax-deductible?
Octavia Foundation is registered as a tax-exempt nonprofit (EIN: 203393226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Octavia Foundation's spending goes to programs?
Octavia Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Octavia Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Octavia Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Octavia Foundation located?
Octavia Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 203393226. It is classified under NTEE code T20.
How many years of IRS 990 filings does Octavia Foundation have?
Octavia Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $247K in total revenue.
What is the Octavia Foundation's strategy to reverse the trend of declining revenue and increasing expenses?
The provided data indicates a consistent pattern where expenses significantly exceed revenue, leading to a substantial draw-down of assets. For example, in 2023, revenue was $49,297 while expenses were $179,888. The organization needs a clear strategy to address this financial imbalance.
How does the Octavia Foundation plan to sustain its operations given the continuous depletion of its asset base?
Assets have decreased from $2,295,536 in 2015 to $1,156,662 currently. This trend suggests the organization is operating unsustainably by drawing down its reserves, which raises concerns about its long-term viability.
What percentage of the Octavia Foundation's expenses are allocated directly to program services?
The provided IRS 990 summary data does not break down expenses into program, administrative, and fundraising categories, making it difficult to assess the efficiency of spending directly on its mission.
Why has the Octavia Foundation's revenue declined so sharply since 2014?
Revenue peaked at $840,839 in 2014 but has since fallen dramatically to $49,297 in 2023. Understanding the reasons behind this significant decline is crucial for assessing future financial prospects.
Filing History
IRS 990 filing history for Octavia Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Octavia Foundation's revenue has declined by 85.8%, moving from $347K to $49K. Total assets decreased by 15.3% over the same period, from $1.4M to $1.2M. Total functional expenses fell by 53%, from $382K to $180K. In its most recent filing year (2023), Octavia Foundation reported a deficit of $131K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $180K | $1.2M | $1 | — | View 990 |
| 2022 | $91K | $186K | $1.3M | $1 | — | View 990 |
| 2021 | $132K | $287K | $1.4M | $1 | — | — |
| 2020 | $66K | $280K | $1.6M | $1 | — | — |
| 2019 | $94K | $304K | $1.8M | $1 | — | View 990 |
| 2015 | $627K | $425K | $2.3M | $0 | — | View 990 |
| 2014 | $841K | $150K | $2.1M | $0 | — | View 990 |
| 2013 | $339K | $144K | $1.4M | $0 | — | View 990 |
| 2012 | $269K | $503K | $1.2M | $0 | — | View 990 |
| 2011 | $347K | $382K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $180K, and assets of $1.2M (revenue -45.9% year-over-year).
- 2022: Revenue of $91K, expenses of $186K, and assets of $1.3M (revenue -31.0% year-over-year).
- 2021: Revenue of $132K, expenses of $287K, and assets of $1.4M (revenue +99.1% year-over-year).
- 2020: Revenue of $66K, expenses of $280K, and assets of $1.6M (revenue -29.6% year-over-year).
- 2019: Revenue of $94K, expenses of $304K, and assets of $1.8M (revenue -85.0% year-over-year).
- 2015: Revenue of $627K, expenses of $425K, and assets of $2.3M (revenue -25.4% year-over-year).
- 2014: Revenue of $841K, expenses of $150K, and assets of $2.1M (revenue +148.1% year-over-year).
- 2013: Revenue of $339K, expenses of $144K, and assets of $1.4M (revenue +25.9% year-over-year).
- 2012: Revenue of $269K, expenses of $503K, and assets of $1.2M (revenue -22.4% year-over-year).
- 2011: Revenue of $347K, expenses of $382K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Octavia Foundation:
Data Sources and Methodology
This transparency report for Octavia Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.