Michelle Odom Foundation
Michelle Odom Foundation faces persistent operating deficits, drawing down assets over a decade.
EIN: 202031240 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $76K |
| Program Spending | 70% |
| Net Assets | $1.4M |
| Transparency Score | 55/100 |
Is Michelle Odom Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michelle Odom Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Michelle Odom Foundation
Michelle Odom Foundation (EIN: 202031240) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $74K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michelle Odom Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michelle Odom Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $76K |
| Surplus / Deficit | $-4,776 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 213.1 months |
Financial Health Grade: B
In 2023, Michelle Odom Foundation reported a deficit of $5K with expenses exceeding revenue, holds 213.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Michelle Odom Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +118.1% | -2.2% | -0.4% |
| 2022 | +61.5% | -3.1% | -3.2% |
| 2021 | -21.7% | +13.2% | -4.1% |
| 2020 | -43.6% | +280.6% | -3.0% |
| 2019 | +114.8% | -62.2% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michelle Odom Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Michelle Odom Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Michelle Odom Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in most reported periods, notably $76,021 expenses vs. $71,245 revenue in 2023 and $77,735 expenses vs. $32,669 revenue in 2022.
- Declining asset base: Assets have decreased from $1,859,695 in 2011 to $1,350,311 in 2023, indicating an unsustainable financial model.
- Significant revenue volatility: Revenue has fluctuated considerably, from $13,823 in 2011 to $71,245 in 2023, making financial planning challenging.
Strengths
The following positive indicators were identified for Michelle Odom Foundation:
- No officer compensation: The organization consistently reports 0% officer compensation, demonstrating a commitment to minimizing administrative overhead in this area.
- Low liabilities: Liabilities are consistently reported as very low ($0 or $1), indicating good financial management regarding debt.
Frequently Asked Questions about Michelle Odom Foundation
Is Michelle Odom Foundation a legitimate charity?
Michelle Odom Foundation (EIN: 202031240) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $74K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Michelle Odom Foundation spend its money?
Michelle Odom Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Michelle Odom Foundation tax-deductible?
Michelle Odom Foundation is registered as a tax-exempt nonprofit (EIN: 202031240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Michelle Odom Foundation's spending goes to programs?
Michelle Odom Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Michelle Odom Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Michelle Odom Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michelle Odom Foundation located?
Michelle Odom Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 202031240. It is classified under NTEE code T20.
How many years of IRS 990 filings does Michelle Odom Foundation have?
Michelle Odom Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $74K in total revenue.
How does the Michelle Odom Foundation plan to address its consistent operating deficits?
The provided data shows a consistent pattern of expenses exceeding revenue, leading to a decline in assets. The organization needs a clear strategy to either increase revenue generation or significantly reduce expenses to achieve financial sustainability.
What are the primary sources of revenue for the Michelle Odom Foundation?
The data only provides total revenue figures. To understand the sustainability of its funding, it would be crucial to know if revenue comes from donations, grants, investment income, or other sources.
What are the main program activities of the Michelle Odom Foundation, given its NTEE code T20?
As a Philanthropy, Voluntarism, and Grantmaking Foundation, understanding its specific grantmaking focus or other programmatic activities would provide insight into how its assets are being utilized and its mission pursued.
What is the detailed breakdown of expenses (program, administrative, fundraising) for the Michelle Odom Foundation?
Without a detailed breakdown, it's challenging to fully assess spending efficiency and determine if the majority of expenses are directed towards programmatic activities or overhead.
Filing History
IRS 990 filing history for Michelle Odom Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michelle Odom Foundation's revenue has grown by 415.4%, moving from $14K to $71K. Total assets decreased by 27.4% over the same period, from $1.9M to $1.4M. Total functional expenses fell by 89.2%, from $705K to $76K. In its most recent filing year (2023), Michelle Odom Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $76K | $1.4M | $1 | — | — |
| 2022 | $33K | $78K | $1.4M | $1 | — | View 990 |
| 2021 | $20K | $80K | $1.4M | $1 | — | — |
| 2020 | $26K | $71K | $1.5M | $1 | — | View 990 |
| 2019 | $46K | $19K | $1.5M | $1 | — | — |
| 2015 | $21K | $49K | $1.5M | $0 | — | View 990 |
| 2014 | $25K | $19K | $1.5M | $1 | — | View 990 |
| 2013 | $19K | $246K | $1.5M | $1 | — | View 990 |
| 2012 | $21K | $130K | $1.8M | $1 | — | View 990 |
| 2011 | $14K | $705K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $76K, and assets of $1.4M (revenue +118.1% year-over-year).
- 2022: Revenue of $33K, expenses of $78K, and assets of $1.4M (revenue +61.5% year-over-year).
- 2021: Revenue of $20K, expenses of $80K, and assets of $1.4M (revenue -21.7% year-over-year).
- 2020: Revenue of $26K, expenses of $71K, and assets of $1.5M (revenue -43.6% year-over-year).
- 2019: Revenue of $46K, expenses of $19K, and assets of $1.5M (revenue +114.8% year-over-year).
- 2015: Revenue of $21K, expenses of $49K, and assets of $1.5M (revenue -13.0% year-over-year).
- 2014: Revenue of $25K, expenses of $19K, and assets of $1.5M (revenue +30.5% year-over-year).
- 2013: Revenue of $19K, expenses of $246K, and assets of $1.5M (revenue -9.2% year-over-year).
- 2012: Revenue of $21K, expenses of $130K, and assets of $1.8M (revenue +49.6% year-over-year).
- 2011: Revenue of $14K, expenses of $705K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michelle Odom Foundation:
Data Sources and Methodology
This transparency report for Michelle Odom Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.