Odunde Inc

Analysis

Odunde Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Odunde Inc reported income of $403k and spending of $347k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $386k to $403k (+4.5%), an average of +4.5% a year. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Odunde Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Open Tone Music LLC ($403k), Campo Garzon Inc ($403k) and Laguna Dance No Value ($403k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $87k (25% of expenses). At year end it held assets of $374k against liabilities of $0, net assets of $374k. It reported 1 employees.