Odyssey Charities

Analysis

Odyssey Charities is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Odyssey Charities reported income of $6.9m and spending of $2.2m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $6.9m (+532%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 465%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Odyssey Charities sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Arverne East Phase 1 and Phase 2 Inc ($6.9m), Lincoln Youth Complex ($7.0m) and United Athletics Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $808k. At year end it held assets of $18.5m against liabilities of $6.4m, net assets of $12.1m. It reported 72 employees.