Odyssey Preparatory Academy Inc

Analysis

Odyssey Preparatory Academy Inc is a registered charity in United States, based in Buckeye, AZ. It received its IRS tax-exemption ruling in September 2009, 17 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 Preparatory Academy Inc reported income of $35.2m and spending of $34.7m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $28.6m to $35.2m (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Preparatory Academy Inc 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 98th percentile within AZ. Charities of a similar size with the same main cause include North Central University ($35.1m), Valor Collegiate Academies ($35.2m) and Brimmer & May School ($35.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $475k (1.4% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $78.3m against liabilities of $90.4m, net assets of -$12.2m. It reported 450 employees.