Crystal Ball Foundation of Odessa

Analysis

Crystal Ball Foundation of Odessa is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 February 2024, Crystal Ball Foundation of Odessa reported income of $63k and spending of $63k, spending 100% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $39k to $63k (+62%), an average of +13% a year. The sharpest change came in the year to February 2023, when income dropped by 129%. Over the whole period it spent 153% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Crystal Ball Foundation of Odessa sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Cancer Research and Treatment Institute ($63k), CG Foundation Inc ($63k) and Memory Bridge the Foundation for Alzheimers and Cultural Memory ($63k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k. It reported 1 employees.

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.