Childrens Odyssey

Analysis

Childrens Odyssey is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Childrens Odyssey reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.5m (+17%), an average of +4.1% a year. The sharpest change came in the year to August 2021, when income rose by 75%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Odyssey 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 87th percentile within ME. Charities of a similar size with the same main cause include Research for Better Schools Inc ($2.5m), Fosterus ($2.5m) and San Francisco Jewish Comm Publications ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $249k (9.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $983k against liabilities of $327k, net assets of $655k. It reported 70 employees.