Odyssey Charter School Incorporated

Analysis

Odyssey Charter School Incorporated is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2012, 14 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 Charter School Incorporated reported income of $35.3m and spending of $35.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.5m to $35.3m (+39%), an average of +8.5% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Charter School Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Cambridge College Inc ($35.3m), Cannon School Inc ($35.3m) and Feather River Charter School ($35.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $808k (2.3% of expenses). At year end it held assets of $69.6m against liabilities of $106.7m, net assets of -$37.1m.

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.