Is Odyssey Inc Legit?

Red Flags

Consistent negative net income in recent years (e.g., 2019, 2020, 2023), indicating spending more than earned.
Rapid and substantial increase in liabilities, from $8,513,765 in 2021 to $36,647,340 in 2023, significantly exceeding assets.
Negative net asset position in 2023 ($31,916,833 assets vs. $36,647,340 liabilities), raising solvency concerns.
Reporting 0% officer compensation for an organization with nearly $19 million in revenue is highly unusual and may warrant further scrutiny regarding how leadership is compensated or if compensation is reported under different categories.

Spending Breakdown

How Odyssey Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Odyssey Inc

Is Odyssey Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Odyssey Inc (EIN: 142002356) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.

Is Odyssey Inc a good charity to donate to?

Odyssey Inc has a Mission Score of 55/100. Revenue: $18.9M. Assets: $28.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Odyssey Inc?

The Employer Identification Number (EIN) for Odyssey Inc is 142002356. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Odyssey Inc spend its money?

Odyssey Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Odyssey Inc's tax-exempt status?

You can verify Odyssey Inc's tax-exempt status using EIN 142002356 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Odyssey Inc. demonstrates a concerning trend in its financial health, particularly in recent years. While revenue has shown significant growth, increasing from $3,536,728 in 2019 to $13,689,476 in 2023, the organization has consistently reported expenses exceeding revenue in several periods, notably in 2019, 2020, 2023, and 2017. This has led to a negative net income in these years, indicating that the organization is spending more than it earns. A significant red flag is the substantial increase in liabilities, which jumped from $8,513,765 in 2021 to $36,647,340 in 2023, far outstripping asset growth and suggesting potential solvency issues. The organization's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation across all available filings, which is a positive indicator of resource allocation directly to mission-related activities rather than high executive salaries. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the overall revenue-expense comparison.

Verdict: Odyssey Inc shows mixed signals