The Odyssey After School Enrichment Program

Analysis

The Odyssey After School Enrichment Program is a registered charity in United States, based in Rockport, TX. It received its IRS tax-exemption ruling in November 2002, 24 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Odyssey After School Enrichment Program reported income of $492k and spending of $267k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $283k to $492k (+74%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Odyssey After School Enrichment Program sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Moffat Road Railroad Museum ($492k), African American Museum of Bucks County ($492k) and El Paso Holocaust Museum and Study Center ($492k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $52k (20% of expenses). Other salaries and wages came to $130k. At year end it held assets of $1.2m against liabilities of $2,358, net assets of $1.2m. It reported 20 employees.