Odessa Methodist Housing Inc

Analysis

Odessa Methodist Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Odessa Methodist Housing Inc reported income of $568k and spending of $553k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $568k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Odessa Methodist Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Miami Beach Marian Towers Inc ($568k), Grace Congregate Housing Corporation ($568k) and Humboldt Bay Housing Development Corporation ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 30% of the total. At year end it held assets of $929k against liabilities of $372k, net assets of $557k.