Odyssey Dance Theatre

Analysis

Odyssey Dance Theatre is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in September 1993, 33 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 2023, Odyssey Dance Theatre reported income of $1.4m and spending of $889k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 198%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Odyssey Dance Theatre sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include League of New Hampshire Craftsmen Inc ($1.4m), Echo Theater Company ($1.4m) and Kansas City Chapter of Young Audiences Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $23k (2.6% of expenses). Other salaries and wages came to $285k. At year end it held assets of $1.0m against liabilities of $99k, net assets of $947k. It reported 109 employees.