Odd Fellows Home of Connecticut Inc

Analysis

Odd Fellows Home of Connecticut Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in January 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Odd Fellows Home of Connecticut Inc reported income of $15.1m and spending of $16.6m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.0m to $15.1m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 106% 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 Connecticut Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Mendocino Coast Clinics Inc ($15.1m), Berrien-Cass-Vanburen Workforce Development Board Inc ($15.1m) and Hispanics in Philanthropy ($15.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $430k (2.6% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $28.2m against liabilities of $31.6m, net assets of -$3.4m. It reported 259 employees.