Theater Odyssey Inc

Analysis

Theater Odyssey Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 2009, 17 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 December 2023, Theater Odyssey Inc reported income of $98k and spending of $36k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $98k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theater Odyssey Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Boise Philharmonic Foundation Inc ($98k), Friends of Mt Lebanon Percussion ($98k) and Willits Center for the Arts ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.