Historic Odessa Foundation

Analysis

Historic Odessa Foundation is a registered charity in United States, based in Odessa, DE. It received its IRS tax-exemption ruling in February 2005, 21 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 (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, Historic Odessa Foundation reported income of $1.9m and spending of $910k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.9m (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Odessa Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within DE. Charities of a similar size with the same main cause include Samskrita Bharati ($1.9m), St Johns County Cultural Council Inc ($1.9m) and Academy Art Museum Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $135k (15% of expenses). Other salaries and wages came to $121k. At year end it held assets of $16.7m against liabilities of $0, net assets of $16.7m. It reported 11 employees.