The Odyssey Theatre Foundation

Analysis

The Odyssey Theatre Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Odyssey Theatre Foundation reported income of $721k and spending of $693k, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $775k to $721k (-7.0%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Odyssey Theatre Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Chicago Multi-Cultural Dance Center Inc Home of the Bryant Ballet ($721k), Jamaica Plain Mulaticultural After School Program ($721k) and Music on the Hill Inc ($721k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $57k (8.2% of expenses). Other salaries and wages came to $293k. At year end it held assets of $530k against liabilities of $46k, net assets of $484k. It reported 14 employees.