Odessa Day Nursery

Analysis

Odessa Day Nursery is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Day Nursery reported income of $895k and spending of $906k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $616k to $895k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Odessa Day Nursery sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Lifes Connection - Mukwonago Center Inc ($895k), Forrest Spence Fund ($895k) and Paradise Haven Homes Ltd ($895k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $55k (6.1% of expenses). Other salaries and wages came to $429k. At year end it held assets of $767k against liabilities of $6,842, net assets of $760k.