Pilgrim-Oedc Development Corporation

Analysis

Pilgrim-Oedc Development Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pilgrim-Oedc Development Corporation reported income of $153k and spending of $240k, spending 157% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $137k to $153k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2020, when income rose by 23%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pilgrim-Oedc Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within NE. Charities of a similar size with the same main cause include Ken-Crest Housing Pa 2006 Inc ($153k), New Directions of Jacksonville Il Inc ($153k) and Maison de Lemaire Inc ($153k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $452k against liabilities of $1.6m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.