Odyssey Charter Schools

Analysis

Odyssey Charter Schools is a registered charity in United States, based in Altadena, CA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Odyssey Charter Schools reported income of $12.3m and spending of $11.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $12.3m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Charter Schools sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Legacy Traditional School - Laveen ($12.3m), Lawrence Woodmere Academy ($12.3m) and The Leadership Academy Inc ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $327k (2.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $9.8m against liabilities of $2.5m, net assets of $7.2m. It reported 174 employees.