Otsar Family Services Inc
Otsar Family Services Inc. maintains stable finances with consistent revenue surpluses and no reported officer compensation.
EIN: 112601112 · Brooklyn, NY · NTEE: P280 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Otsar Family Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Otsar Family Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Otsar Family Services Inc
Otsar Family Services Inc (EIN: 112601112) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P280. The organization reported total revenue of $3.7M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Otsar Family Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Otsar Family Services Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$380K |
| Total Assets | $3.5M |
| Total Liabilities | $628K |
| Net Assets | $2.9M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 17.7% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Otsar Family Services Inc reported a surplus of $380K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Otsar Family Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -8.2% | +2.9% |
| 2022 | +37.0% | +19.0% | -9.0% |
| 2021 | -20.7% | -6.6% | -9.8% |
| 2020 | +4.5% | -10.7% | +3.5% |
| 2019 | -5.9% | +4.9% | +29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Otsar Family Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Otsar Family Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $380K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.7%.
Executive Compensation Analysis
Otsar Family Services Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size with annual revenues exceeding $3 million.
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 Otsar Family Services Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data makes it difficult to fully assess efficiency.
Strengths
The following positive indicators were identified for Otsar Family Services Inc:
- Consistent revenue generation, with revenues often exceeding expenses (e.g., $3,826,741 revenue vs. $3,446,392 expenses in 2023).
- Strong asset base consistently exceeding liabilities (e.g., $3,540,996 assets vs. $627,701 liabilities in 2023).
- Zero reported officer compensation across all filings, indicating high transparency regarding executive pay.
- Stable financial operations over a long period, with 13 filings demonstrating consistent reporting.
Frequently Asked Questions about Otsar Family Services Inc
Is Otsar Family Services Inc a legitimate charity?
Otsar Family Services Inc (EIN: 112601112) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Otsar Family Services Inc spend its money?
Otsar Family Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Otsar Family Services Inc tax-deductible?
Otsar Family Services Inc is registered as a tax-exempt nonprofit (EIN: 112601112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Otsar Family Services Inc CEO make?
Otsar Family Services Inc's highest-compensated officer earns $3 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Otsar Family Services Inc's spending goes to programs?
Otsar Family Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Otsar Family Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Otsar Family Services Inc is above average for NTEE category P280 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Otsar Family Services Inc located?
Otsar Family Services Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112601112. It is classified under NTEE code P280.
How many years of IRS 990 filings does Otsar Family Services Inc have?
Otsar Family Services Inc has 13 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 $3.7M in total revenue.
Is Otsar Family Services Inc. a good charity?
Based on the provided financial data, Otsar Family Services Inc. appears to be a financially stable organization with consistent revenue generation and a strong asset base. The consistent reporting of 0% officer compensation is a notable positive for transparency and resource allocation. However, without detailed program spending breakdowns, a complete assessment of its programmatic effectiveness is limited.
How has Otsar Family Services Inc.'s revenue trended over the past few years?
Otsar Family Services Inc.'s revenue has shown some fluctuation but generally remained strong. It increased from $2,836,071 in 2021 to $3,886,028 in 2022, and then slightly decreased to $3,826,741 in 2023, demonstrating a generally upward trend in recent periods after a dip in 2021.
What is the organization's financial stability?
The organization demonstrates good financial stability. Its assets consistently exceed liabilities, for example, $3,540,996 in assets versus $627,701 in liabilities in 2023. Furthermore, revenues have generally surpassed expenses in most recent years, indicating a healthy operating surplus.
Filing History
IRS 990 filing history for Otsar Family Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Otsar Family Services Inc's revenue has grown by 13.5%, moving from $3.4M to $3.8M. Total assets increased by 16.5% over the same period, from $3.0M to $3.5M. Total functional expenses rose by 3.5%, from $3.3M to $3.4M. In its most recent filing year (2023), Otsar Family Services Inc reported a surplus of $380K, with revenue exceeding expenses. The organization holds $628K in liabilities against $3.5M in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.4M | $3.5M | $628K | — | View 990 |
| 2022 | $3.9M | $3.8M | $3.4M | $908K | — | View 990 |
| 2021 | $2.8M | $3.2M | $3.8M | $1.4M | — | View 990 |
| 2020 | $3.6M | $3.4M | $4.2M | $1.5M | — | View 990 |
| 2019 | $3.4M | $3.8M | $4.1M | $1.5M | — | View 990 |
| 2018 | $3.6M | $3.6M | $3.1M | $255K | — | View 990 |
| 2017 | $3.7M | $3.4M | $3.0M | $151K | — | View 990 |
| 2016 | $3.5M | $3.3M | $2.9M | $356K | — | View 990 |
| 2015 | $3.3M | $3.2M | $2.7M | $404K | — | View 990 |
| 2014 | $3.2M | $3.3M | $2.7M | $470K | — | View 990 |
| 2013 | $3.4M | $3.5M | $2.9M | $570K | — | View 990 |
| 2012 | $3.3M | $3.4M | $2.9M | $493K | — | View 990 |
| 2011 | $3.4M | $3.3M | $3.0M | $515K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.4M, and assets of $3.5M (revenue -1.5% year-over-year).
- 2022: Revenue of $3.9M, expenses of $3.8M, and assets of $3.4M (revenue +37.0% year-over-year).
- 2021: Revenue of $2.8M, expenses of $3.2M, and assets of $3.8M (revenue -20.7% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.4M, and assets of $4.2M (revenue +4.5% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.8M, and assets of $4.1M (revenue -5.9% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.6M, and assets of $3.1M (revenue -1.3% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.4M, and assets of $3.0M (revenue +4.0% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.3M, and assets of $2.9M (revenue +6.7% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.2M, and assets of $2.7M (revenue +4.3% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.3M, and assets of $2.7M (revenue -5.1% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.5M, and assets of $2.9M (revenue +1.5% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.4M, and assets of $2.9M (revenue -1.9% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.3M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Otsar Family Services Inc:
Data Sources and Methodology
This transparency report for Otsar Family Services Inc 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.