Odyssey Foundation of Ny Inc

Analysis

Odyssey Foundation of Ny Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1986, 40 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 June 2023, Odyssey Foundation of Ny Inc reported income of $322k and spending of $262k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $322k (-79%), an average of -33% a year. The sharpest change came in the year to June 2020, when income dropped by 76%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Odyssey Foundation of Ny Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Duval Association for Residential Care ($322k), Oklahoma Assistive Technology Foundation ($322k) and Professional Firefightersparamedics Benevolent Fund Inc ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 118% of the total. Compensation of current officers, directors and key employees was $57k (22% of expenses). Other salaries and wages came to $17k. At year end it held assets of $1.3m against liabilities of $49k, net assets of $1.3m. It reported 5 employees.