Odyssey Learning Center Inc

Analysis

Odyssey Learning Center Inc is a registered charity in United States, based in Orangevale, CA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Learning Center Inc reported income of $3.3m and spending of $3.8m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Learning Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Brooklyn Amity School ($3.3m), South Dakota Partners in Education ($3.3m) and Science Technology Engineering and Math Arizona ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $128k (3.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.2m against liabilities of $405k, net assets of $4.8m.