Odessas Foster Care Homes Incorporated
EIN: 581716758 · Memphis, TN · NTEE: F33Z
| Metric | Value |
|---|---|
| Total Revenue | $208K |
| Net Assets | $936K |
Is Odessas Foster Care Homes Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Odessas Foster Care Homes Incorporated
Odessas Foster Care Homes Incorporated (EIN: 581716758) is a nonprofit organization based in Memphis, TN, classified under NTEE code F33Z. The organization reported total revenue of $208K and total assets of $936K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Odessas Foster Care Homes Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Odessas Foster Care Homes Incorporated is a small nonprofit that has been operating for 39 years, with 11 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of -7.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $0 |
| Surplus / Deficit | +$208K |
| Total Assets | $936K |
| Net Assets | $936K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2022, Odessas Foster Care Homes Incorporated reported a surplus of $208K with revenue exceeding expenses.
Financial Trends
Over 11 years of filings (2010–2022), Odessas Foster Care Homes Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -26.1% | -100.0% | -10.9% |
| 2020 | -12.1% | -21.3% | +9.3% |
| 2019 | -13.7% | -30.4% | +0.3% |
| 2018 | -24.5% | -30.3% | +1.3% |
| 2017 | +5.5% | -6.5% | +53.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Odessas Foster Care Homes Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Odessas Foster Care Homes Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Odessas Foster Care Homes Incorporated
Is Odessas Foster Care Homes Incorporated a legitimate charity?
Odessas Foster Care Homes Incorporated (EIN: 581716758) is a registered tax-exempt nonprofit based in Tennessee. It has 11 years of IRS 990 filings on record. Total revenue: $208K. No red flags identified. Financial health grade: A.
How does Odessas Foster Care Homes Incorporated spend its money?
Odessas Foster Care Homes Incorporated reported $208K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Odessas Foster Care Homes Incorporated tax-deductible?
Odessas Foster Care Homes Incorporated is registered as a tax-exempt nonprofit (EIN: 581716758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Odessas Foster Care Homes Incorporated located?
Odessas Foster Care Homes Incorporated is headquartered in Memphis, Tennessee and files with the IRS under EIN 581716758. It is classified under NTEE code F33Z.
How many years of IRS 990 filings does Odessas Foster Care Homes Incorporated have?
Odessas Foster Care Homes Incorporated has 11 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 $208K in total revenue.
Filing History
IRS 990 filing history for Odessas Foster Care Homes Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2022), Odessas Foster Care Homes Incorporated's revenue has declined by 61.7%, moving from $544K to $208K. Total assets increased by 160% over the same period, from $360K to $936K. Total functional expenses fell by 100%, from $450K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $208K | $0 | $936K | $0 | — | View 990 |
| 2020 | $282K | $184K | $1.1M | $218K | — | — |
| 2019 | $321K | $234K | $961K | $226K | — | View 990 |
| 2018 | $372K | $337K | $958K | $310K | — | View 990 |
| 2017 | $492K | $483K | $945K | $332K | — | View 990 |
| 2015 | $467K | $517K | $617K | $27K | — | View 990 |
| 2014 | $492K | $496K | $644K | $313K | — | View 990 |
| 2013 | $563K | $571K | $668K | $333K | — | View 990 |
| 2012 | $568K | $585K | $355K | $12K | — | View 990 |
| 2011 | $600K | $600K | $360K | $0 | — | View 990 |
| 2010 | $544K | $450K | $360K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $208K, expenses of $0, and assets of $936K (revenue -26.1% year-over-year).
- 2020: Revenue of $282K, expenses of $184K, and assets of $1.1M (revenue -12.1% year-over-year).
- 2019: Revenue of $321K, expenses of $234K, and assets of $961K (revenue -13.7% year-over-year).
- 2018: Revenue of $372K, expenses of $337K, and assets of $958K (revenue -24.5% year-over-year).
- 2017: Revenue of $492K, expenses of $483K, and assets of $945K (revenue +5.5% year-over-year).
- 2015: Revenue of $467K, expenses of $517K, and assets of $617K (revenue -5.2% year-over-year).
- 2014: Revenue of $492K, expenses of $496K, and assets of $644K (revenue -12.5% year-over-year).
- 2013: Revenue of $563K, expenses of $571K, and assets of $668K (revenue -0.9% year-over-year).
- 2012: Revenue of $568K, expenses of $585K, and assets of $355K (revenue -5.3% year-over-year).
- 2011: Revenue of $600K, expenses of $600K, and assets of $360K (revenue +10.3% year-over-year).
- 2010: Revenue of $544K, expenses of $450K, and assets of $360K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Odessas Foster Care Homes Incorporated:
Data Sources and Methodology
This transparency report for Odessas Foster Care Homes Incorporated 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.