Odyssey Family Executive Center of South Norwalk Inc

Analysis

Odyssey Family Executive Center of South Norwalk Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Odyssey Family Executive Center of South Norwalk Inc reported income of $605k and spending of $607k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $432k to $605k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Odyssey Family Executive Center of South Norwalk Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Zephyr Institute Inc ($605k), Rock Creek Community Development Corp ($606k) and Bessemer Redevelopment Corp ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $339k. At year end it held assets of $232k against liabilities of -$1,067, net assets of $233k. It reported 4 employees.