Odyssey School Inc

Analysis

Odyssey School Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in September 1994, 32 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 School Inc reported income of $8.4m and spending of $7.5m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.6m to $8.4m (+11%), an average of +3.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Archway Classical Academy Veritas ($8.4m), Verified Solutions ($8.4m) and Vision Public Charter School of Middleton Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $274k (3.6% of expenses). Other salaries and wages came to $3.8m. It paid $57k in professional fundraising fees. At year end it held assets of $28.2m against liabilities of $1.5m, net assets of $26.7m. It reported 95 employees.