The Heritage of Odessa Foundation

Analysis

The Heritage of Odessa Foundation is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in August 1983, 43 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 December 2023, The Heritage of Odessa Foundation reported income of $109k and spending of $9,540, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $109k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 9.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Heritage of Odessa Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Proprioceptive Writing Center ($109k), Ambler Olympic Club ($109k) and Collicot School P T O ($109k).

At year end it held assets of $791k against liabilities of $0, net assets of $791k.