Odyssey House Inc-Utah

Analysis

Odyssey House Inc-Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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 2023, Odyssey House Inc-Utah reported income of $48.8m and spending of $42.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $48.8m (+138%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Odyssey House Inc-Utah sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Metropolitan YMCA of the Oranges Inc ($48.8m), Elim Homes Inc ($48.9m) and Tri Cities Community Health ($48.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $402k (0.9% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $27.7m against liabilities of $9.7m, net assets of $18.1m. It reported 660 employees.