Odyssey of the Mind Association of North Carolina

Analysis

Odyssey of the Mind Association of North Carolina is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2001, 25 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 2024, Odyssey of the Mind Association of North Carolina reported income of $71k and spending of $72k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $77k to $71k (-7.4%), an average of -7.4% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey of the Mind Association of North Carolina sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Seashore Family Literacy ($71k), Crystal Lake Central High School Booster Club ($71k) and Thomas Jefferson High School Partners ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.3% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.