Odyssey 2020 Academy Inc

Analysis

Odyssey 2020 Academy Inc is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in January 1999, 27 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 2020 Academy Inc reported income of $19.4m and spending of $20.1m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.0m to $19.4m (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey 2020 Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Benjamin Franklin Cummings Institute of Technology ($19.4m), Illinois Masonic Charities Fund ($19.4m) and Mater Academy Foundation Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $302k (1.5% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $50.2m against liabilities of $46.2m, net assets of $4.0m. It reported 303 employees.