Odessa College Foundation Incorporated

Analysis

Odessa College Foundation Incorporated is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Odessa College Foundation Incorporated reported income of $2.6m and spending of $1.6m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 325%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odessa College Foundation Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include English for New Bostonians Inc ($2.6m), Sage School Inc ($2.6m) and C S Lewis Institute Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $24.1m against liabilities of $372k, net assets of $23.7m.