Independent Order of Odd Fellows

Analysis

Independent Order of Odd Fellows is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 1962, 64 years ago. 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 2024, Independent Order of Odd Fellows reported income of $1.9m and spending of $1.0m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $969k to $1.9m (+98%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Order of Odd Fellows sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include William Alanson White Institute of Psychiatry Psychoanalysis and Psyc ($1.9m), Kearney Catholic High School Foundation ($1.9m) and Metro Hope Ministries Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 29% of the total. At year end it held assets of $3.7m against liabilities of $133k, net assets of $3.6m.