Odyssey Opera of Boston Inc

Analysis

Odyssey Opera of Boston Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in September 2016, 10 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Odyssey Opera of Boston Inc reported income of $328k and spending of $554k, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $328k (-81%), an average of -34% a year. The sharpest change came in the year to June 2021, when income dropped by 83%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Odyssey Opera of Boston Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include National Association of Presidential Assistants in Higher ($328k), Coho Productions Ltd ($328k) and The Bird Dog Foundation Inc ($328k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $104k (19% of expenses). Other salaries and wages came to $88k. At year end it held assets of $367k against liabilities of $207k, net assets of $159k. It reported 3 employees.