Beating the Odds Foundation

Analysis

Beating the Odds Foundation is a registered charity in United States, based in Hollidaysburg, PA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Beating the Odds Foundation reported income of $180k and spending of $178k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $671k to $180k (-73%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Beating the Odds Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Anita Foundation Inc ($180k), LVR Soccer Club ($180k) and Gretna Basketball Association ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $83k (47% of expenses). At year end it held assets of $54k against liabilities of $187k, net assets of -$133k. It reported 2 employees.