United Way of Odessa Inc

Analysis

United Way of Odessa Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in August 1913, 113 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, United Way of Odessa Inc reported income of $1.1m and spending of $1.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.1m (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2021, when income dropped by 38%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Odessa Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Riverdale School Foundation ($1.1m), American Friends of Matan Inc ($1.1m) and Glam4good Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $274k. At year end it held assets of $1.8m against liabilities of $146k, net assets of $1.7m. It reported 8 employees.