Odyssey Online Learning

Analysis

Odyssey Online Learning is a registered charity in United States, based in Chapin, SC. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Odyssey Online Learning reported income of $4.8m and spending of $4.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.8m (+143%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Online Learning sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Ada Developers Academy ($4.8m), Alturas Preparatory Academy Inc ($4.8m) and Skyline Math and Science Academy Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $5.8m against liabilities of $6.5m, net assets of -$742k. It reported 32 employees.