Odyssey Community School

Analysis

Odyssey Community School is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2023, Odyssey Community School reported income of $5.5m and spending of $5.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.5m (+30%), an average of +6.7% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Community School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Camperdown Academy Inc ($5.5m), Vision Preparatory Charter School Inc ($5.5m) and Fiorello H Laguardia Community ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $248k (4.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.4m against liabilities of $3.3m, net assets of $1.0m. It reported 72 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.