Odyssey Charter School Incorporated
Odyssey Charter School shows consistent revenue growth but carries substantial and growing liabilities exceeding assets.
EIN: 201787299 · Wilmington, DE · NTEE: B29 · Updated: 2026-03-28
Is Odyssey Charter School Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Odyssey Charter School Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Odyssey Charter School Incorporated
Odyssey Charter School Incorporated (EIN: 201787299) is a nonprofit organization based in Wilmington, DE, classified under NTEE code B29. The organization reported total revenue of $42.3M and total assets of $80.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Odyssey Charter School Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Odyssey Charter School Incorporated is a large nonprofit that has been operating for 14 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.3M |
| Total Expenses | $35.6M |
| Surplus / Deficit | $-265,022 |
| Total Assets | $69.6M |
| Total Liabilities | $106.7M |
| Net Assets | $-37,134,226 |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 153.4% |
| Months of Reserves | 23.5 months |
Financial Health Grade: C
In 2023, Odyssey Charter School Incorporated reported a deficit of $265K with expenses exceeding revenue, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 153.4% (high leverage).
Financial Trends
Over 15 years of filings (2009–2023), Odyssey Charter School Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +5.9% | -14.0% |
| 2022 | +12.3% | -0.8% | +5.6% |
| 2021 | +5.8% | +6.6% | +16.3% |
| 2020 | +6.0% | +17.8% | +10.8% |
| 2019 | +15.5% | +20.6% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Odyssey Charter School Incorporated with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Odyssey Charter School Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $265K, with expenses exceeding revenue.
- Debt-to-asset ratio: 153.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity of its size with over $42 million in revenue and suggests that executive compensation may be categorized differently or that leadership is entirely volunteer-based.
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 Odyssey Charter School Incorporated's IRS 990 filings:
- Liabilities consistently exceed assets, reaching $106,734,781 in 202306, indicating significant debt.
- Expenses frequently exceed revenue, as seen in 202306 ($35,602,441 expenses vs. $35,337,419 revenue), suggesting operational deficits.
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Odyssey Charter School Incorporated:
- Consistent and significant revenue growth over the past decade, from $7,673,442 in 201406 to $42,336,827 currently.
- Substantial asset growth, from $4,588,970 in 201406 to $80,909,457 currently, indicating expansion.
Frequently Asked Questions about Odyssey Charter School Incorporated
Is Odyssey Charter School Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Odyssey Charter School Incorporated (EIN: 201787299) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Odyssey Charter School Incorporated spend its money?
Odyssey Charter School Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Odyssey Charter School Incorporated tax-deductible?
Odyssey Charter School Incorporated is registered as a tax-exempt nonprofit (EIN: 201787299). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Odyssey Charter School Incorporated manage its significant and growing liabilities?
The filings show liabilities consistently exceeding assets, reaching $106,734,781 in 202306 against assets of $69,600,555. This suggests a high reliance on debt, but the specific management strategy is not detailed in the provided data.
Why is officer compensation consistently reported as 0%?
All available IRS 990 filings indicate 0% officer compensation. This could mean that executive roles are entirely volunteer, or compensation is reported under other expense lines, which would reduce transparency regarding leadership pay.
What is the long-term sustainability given expenses frequently exceed revenue?
In multiple recent periods (e.g., 202306, 202206, 202106), expenses have surpassed revenue. While asset growth is present, this trend, combined with high liabilities, raises questions about the organization's long-term financial sustainability without a clear plan to balance its budget.
Filing History
IRS 990 filing history for Odyssey Charter School Incorporated showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), Odyssey Charter School Incorporated's revenue has grown by 1097.3%, moving from $3.0M to $35.3M. Total assets increased by 1508.9% over the same period, from $4.3M to $69.6M. Total functional expenses rose by 1128.9%, from $2.9M to $35.6M. In its most recent filing year (2023), Odyssey Charter School Incorporated reported a deficit of $265K, with expenses exceeding revenue. The organization holds $106.7M in liabilities against $69.6M in assets (debt-to-asset ratio: 153.4%), resulting in net assets of $-37,134,226.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.3M | $35.6M | $69.6M | $106.7M | — | — |
| 2022 | $32.1M | $33.6M | $80.9M | $117.8M | — | View 990 |
| 2021 | $28.6M | $33.9M | $76.6M | $112.0M | — | — |
| 2020 | $27.0M | $31.8M | $65.9M | $96.0M | — | — |
| 2019 | $25.5M | $27.0M | $59.5M | $84.8M | — | View 990 |
| 2018 | $22.1M | $22.4M | $51.3M | $75.1M | — | View 990 |
| 2017 | $18.0M | $17.4M | $44.2M | $44.2M | — | View 990 |
| 2016 | $13.8M | $14.5M | $40.0M | $41.9M | — | View 990 |
| 2015 | $10.7M | $11.0M | $40.0M | $41.1M | — | View 990 |
| 2014 | $7.7M | $9.0M | $4.6M | $4.4M | — | View 990 |
| 2013 | $6.6M | $6.3M | $7.1M | $5.6M | — | View 990 |
| 2012 | $5.5M | $5.1M | $4.8M | $3.6M | — | View 990 |
| 2011 | $4.4M | $4.4M | $4.5M | $3.7M | — | View 990 |
| 2010 | $3.9M | $4.0M | $4.3M | $3.6M | — | View 990 |
| 2009 | $3.0M | $2.9M | $4.3M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.3M, expenses of $35.6M, and assets of $69.6M (revenue +10.0% year-over-year).
- 2022: Revenue of $32.1M, expenses of $33.6M, and assets of $80.9M (revenue +12.3% year-over-year).
- 2021: Revenue of $28.6M, expenses of $33.9M, and assets of $76.6M (revenue +5.8% year-over-year).
- 2020: Revenue of $27.0M, expenses of $31.8M, and assets of $65.9M (revenue +6.0% year-over-year).
- 2019: Revenue of $25.5M, expenses of $27.0M, and assets of $59.5M (revenue +15.5% year-over-year).
- 2018: Revenue of $22.1M, expenses of $22.4M, and assets of $51.3M (revenue +23.0% year-over-year).
- 2017: Revenue of $18.0M, expenses of $17.4M, and assets of $44.2M (revenue +30.4% year-over-year).
- 2016: Revenue of $13.8M, expenses of $14.5M, and assets of $40.0M (revenue +29.2% year-over-year).
- 2015: Revenue of $10.7M, expenses of $11.0M, and assets of $40.0M (revenue +38.9% year-over-year).
- 2014: Revenue of $7.7M, expenses of $9.0M, and assets of $4.6M (revenue +15.9% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.3M, and assets of $7.1M (revenue +20.9% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.1M, and assets of $4.8M (revenue +23.4% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.4M, and assets of $4.5M (revenue +12.6% year-over-year).
- 2010: Revenue of $3.9M, expenses of $4.0M, and assets of $4.3M (revenue +33.5% year-over-year).
- 2009: Revenue of $3.0M, expenses of $2.9M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Odyssey Charter School Incorporated:
Data Sources and Methodology
This transparency report for Odyssey Charter School Incorporated 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.