Odd Fellows Home of Massachusetts

Analysis

Odd Fellows Home of Massachusetts is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1965, 61 years ago. 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, Odd Fellows Home of Massachusetts reported income of $10.1m and spending of $10.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $10.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Odd Fellows Home of Massachusetts sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Competitive Enterprise Institute ($10.1m), Northwestern Illinois Area Agency on Aging ($10.1m) and Jackson Hole Community Housing ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $100k (1.0% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $6.1m against liabilities of $4.1m, net assets of $2.1m. It reported 144 employees.