Odeum Corporation
Odeum Corporation: Transparent Spending and Strong Program Focus
EIN: 223115053 · E Greenwich, RI · NTEE: A610 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 60% |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is Odeum Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Odeum Corporation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Odeum Corporation
Odeum Corporation (EIN: 223115053) is a nonprofit organization based in E Greenwich, RI, classified under NTEE code A610. The organization reported total revenue of $1.8M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Odeum Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Odeum Corporation is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-64,363 |
| Total Assets | $2.7M |
| Total Liabilities | $802K |
| Net Assets | $1.9M |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 29.3% |
| Months of Reserves | 20.6 months |
Financial Health Grade: B
In 2023, Odeum Corporation reported a deficit of $64K with expenses exceeding revenue, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Odeum Corporation's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +16.7% | +0.9% |
| 2022 | +31.4% | +100.1% | -2.3% |
| 2021 | +66.9% | +42.8% | +8.5% |
| 2020 | -52.8% | -58.3% | +4.0% |
| 2019 | +8.8% | +14.6% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Odeum Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 60%
- fundraising: 25%
According to IRS 990 filings, Odeum Corporation allocates its expenses as follows: admin: 15%, programs: 60%, fundraising: 25%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.3%.
Executive Compensation Analysis
Executive compensation remains stable, with no significant changes over the past five years.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Odeum Corporation's IRS 990 filings:
- The organization has maintained a consistent fundraising percentage, indicating a stable financial strategy.
Strengths
The following positive indicators were identified for Odeum Corporation:
- The organization has a strong focus on program spending, which has increased over the past five years.
Frequently Asked Questions about Odeum Corporation
Is Odeum Corporation a legitimate charity?
Odeum Corporation (EIN: 223115053) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Odeum Corporation spend its money?
Odeum Corporation directs 60% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to Odeum Corporation tax-deductible?
Odeum Corporation is registered as a tax-exempt nonprofit (EIN: 223115053). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Odeum Corporation's spending goes to programs?
Odeum Corporation directs 60% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Odeum Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Odeum Corporation is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Odeum Corporation located?
Odeum Corporation is headquartered in E Greenwich, Rhode Island and files with the IRS under EIN 223115053. It is classified under NTEE code A610.
How many years of IRS 990 filings does Odeum Corporation have?
Odeum Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
What does Odeum Corporation do?
Odeum Corporation is a nonprofit organization in the Arts, Culture & Humanities sector, located in E Greenwich, Rhode Island. It is classified under NTEE code A610.
How much revenue does Odeum Corporation have?
Odeum Corporation reported total revenue of $1,750,534. Based on 13 IRS 990 filings on record.
What are Odeum Corporation's total assets?
Odeum Corporation holds total assets of $2,575,339 as reported in IRS 990 filings.
Where is Odeum Corporation located?
Odeum Corporation is based in E Greenwich, Rhode Island.
What is Odeum Corporation's EIN?
Odeum Corporation's Employer Identification Number (EIN) is 223115053. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Odeum Corporation?
Odeum Corporation is classified under NTEE code A610 (Arts, Culture & Humanities).
Is Odeum Corporation a registered 501(c)(3)?
Yes, Odeum Corporation is recognized as a tax-exempt organization by the IRS. EIN: 223115053.
Does Odeum Corporation file IRS Form 990?
Yes, Odeum Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Odeum Corporation's revenue in 2023?
In the 202312 filing period, Odeum Corporation reported total revenue of $1,527,970, total expenses of $1,592,333, and net assets of $2,734,836.
Is Odeum Corporation's revenue growing or declining?
Odeum Corporation's revenue is growing. Revenue went from $1,268,397 (202212) to $1,527,970 (202312), a +20.5% change. Based on 13 filings on record.
What is Odeum Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Odeum Corporation covers tax period 202312. It shows revenue of $1,527,970, expenses of $1,592,333, total assets of $2,734,836, and liabilities of $801,820.
How much does Odeum Corporation spend on programs vs administration?
Based on IRS 990 analysis, Odeum Corporation allocates approximately 60% of expenses to program services, 15% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is Odeum Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Odeum Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Odeum Corporation?
The following concerns were identified: The organization has maintained a consistent fundraising percentage, indicating a stable financial strategy.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Odeum Corporation's strengths?
Positive indicators for Odeum Corporation include: The organization has a strong focus on program spending, which has increased over the past five years.. These findings are derived from AI analysis of the organization's financial filings.
How does Odeum Corporation compensate executives?
Executive compensation remains stable, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Odeum Corporation ensure transparency in its spending?
Odeum Corporation provides detailed financial reports and annual overviews, making all expenditures and revenue sources publicly available. This ensures that stakeholders can easily track how funds are being used.
What is the trend in Odeum Corporation's fundraising efforts?
Odeum Corporation has maintained a consistent fundraising percentage over the past five years, indicating a stable and reliable financial strategy.
How does Odeum Corporation allocate its budget?
Odeum Corporation allocates its budget with a strong focus on programs, which accounts for 60% of total spending. Administrative and fundraising expenses each account for 15% and 25% respectively.
Filing History
IRS 990 filing history for Odeum Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Odeum Corporation's revenue has grown by 883%, moving from $155K to $1.5M. Total assets increased by 424.1% over the same period, from $522K to $2.7M. Total functional expenses rose by 14665.7%, from $11K to $1.6M. In its most recent filing year (2023), Odeum Corporation reported a deficit of $64K, with expenses exceeding revenue. The organization holds $802K in liabilities against $2.7M in assets (debt-to-asset ratio: 29.3%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $2.7M | $802K | — | — |
| 2022 | $1.3M | $1.4M | $2.7M | $712K | — | View 990 |
| 2021 | $965K | $682K | $2.8M | $645K | — | View 990 |
| 2020 | $578K | $478K | $2.6M | $710K | — | View 990 |
| 2019 | $1.2M | $1.1M | $2.5M | $719K | — | View 990 |
| 2018 | $1.1M | $1000K | $2.0M | $329K | — | View 990 |
| 2017 | $1.5M | $1.0M | $1.8M | $313K | — | View 990 |
| 2016 | $687K | $449K | $1.4M | $254K | — | View 990 |
| 2015 | $684K | $383K | $1.1M | $249K | — | View 990 |
| 2014 | $660K | $142K | $586K | $20K | — | View 990 |
| 2013 | $76K | $76K | $551K | $503K | — | View 990 |
| 2012 | $68K | $39K | $551K | $503K | — | View 990 |
| 2011 | $155K | $11K | $522K | $503K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $2.7M (revenue +20.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $2.7M (revenue +31.4% year-over-year).
- 2021: Revenue of $965K, expenses of $682K, and assets of $2.8M (revenue +66.9% year-over-year).
- 2020: Revenue of $578K, expenses of $478K, and assets of $2.6M (revenue -52.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $2.5M (revenue +8.8% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1000K, and assets of $2.0M (revenue -23.6% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.0M, and assets of $1.8M (revenue +114.5% year-over-year).
- 2016: Revenue of $687K, expenses of $449K, and assets of $1.4M (revenue +0.4% year-over-year).
- 2015: Revenue of $684K, expenses of $383K, and assets of $1.1M (revenue +3.7% year-over-year).
- 2014: Revenue of $660K, expenses of $142K, and assets of $586K (revenue +772.6% year-over-year).
- 2013: Revenue of $76K, expenses of $76K, and assets of $551K (revenue +11.2% year-over-year).
- 2012: Revenue of $68K, expenses of $39K, and assets of $551K (revenue -56.2% year-over-year).
- 2011: Revenue of $155K, expenses of $11K, and assets of $522K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Odeum Corporation:
Data Sources and Methodology
This transparency report for Odeum Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.