Odyssey Inc
Odyssey Inc. faces growing liabilities despite revenue growth, with expenses frequently exceeding income.
EIN: 142002356 · Louisa, KY · NTEE: F212 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.9M |
| Total Expenses | $15.1M |
| Program Spending | 80% |
| Net Assets | $-4,730,507 |
| Transparency Score | 55/100 |
Is Odyssey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Odyssey Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Odyssey Inc
Odyssey Inc (EIN: 142002356) is a nonprofit organization based in Louisa, KY, classified under NTEE code F212. The organization reported total revenue of $18.9M and total assets of $28.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Odyssey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Odyssey Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.7M |
| Total Expenses | $15.1M |
| Surplus / Deficit | $-1,451,622 |
| Total Assets | $31.9M |
| Total Liabilities | $36.6M |
| Net Assets | $-4,730,507 |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 114.8% |
| Months of Reserves | 25.3 months |
Financial Health Grade: C
In 2023, Odyssey Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 114.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | +7.6% | +22.3% |
| 2022 | +25.1% | +35.2% | +447.4% |
| 2021 | +82.0% | +15.0% | -21.8% |
| 2020 | +80.5% | +11.1% | +7.2% |
| 2019 | -41.2% | +81.2% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Inc with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Odyssey Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.8%.
Executive Compensation Analysis
Odyssey Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue.
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 Inc's IRS 990 filings:
- 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.
Strengths
The following positive indicators were identified for Odyssey Inc:
- Significant revenue growth over the past five years, demonstrating increasing fundraising capacity.
- Consistent reporting of 0% officer compensation, suggesting resources are not being diverted to high executive salaries.
Frequently Asked Questions about Odyssey Inc
Is Odyssey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Odyssey Inc (EIN: 142002356) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Odyssey Inc spend its money?
Odyssey Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Odyssey Inc tax-deductible?
Odyssey Inc is registered as a tax-exempt nonprofit (EIN: 142002356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Odyssey Inc's spending goes to programs?
Odyssey Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Odyssey Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Odyssey Inc is near average for NTEE category F212 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Odyssey Inc located?
Odyssey Inc is headquartered in Louisa, Kentucky and files with the IRS under EIN 142002356. It is classified under NTEE code F212.
How many years of IRS 990 filings does Odyssey Inc have?
Odyssey Inc 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 $18.9M in total revenue.
Is Odyssey Inc. financially stable?
Based on the data, Odyssey Inc. shows signs of financial instability. In 2023, expenses ($15,141,098) exceeded revenue ($13,689,476), and liabilities ($36,647,340) significantly surpassed assets ($31,916,833), indicating a negative net asset position and potential solvency concerns.
Why are liabilities so high for Odyssey Inc.?
The liabilities for Odyssey Inc. have dramatically increased, from $8,513,765 in 2021 to $36,647,340 in 2023. This rapid increase, especially when compared to asset growth, suggests the organization may be taking on significant debt or has substantial outstanding obligations, which warrants further investigation into the nature of these liabilities.
How has Odyssey Inc.'s revenue trended over time?
Odyssey Inc. has experienced substantial revenue growth, increasing from $3,536,728 in 2019 to $13,689,476 in 2023. This indicates a growing capacity to attract funding, though this growth has not consistently translated into positive net income.
Filing History
IRS 990 filing history for Odyssey Inc showing financial trends over 13 years of public records:
Total assets increased by 4949.5% over the same period, from $632K to $31.9M. Total functional expenses rose by 8090%, from $185K to $15.1M. In its most recent filing year (2023), Odyssey Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $36.6M in liabilities against $31.9M in assets (debt-to-asset ratio: 114.8%), resulting in net assets of $-4,730,507.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.7M | $15.1M | $31.9M | $36.6M | — | — |
| 2022 | $14.5M | $14.1M | $26.1M | $29.4M | — | View 990 |
| 2021 | $11.6M | $10.4M | $4.8M | $8.5M | — | View 990 |
| 2020 | $6.4M | $9.0M | $6.1M | $11.1M | — | View 990 |
| 2019 | $3.5M | $8.1M | $5.7M | $8.0M | — | View 990 |
| 2018 | $6.0M | $4.5M | $6.9M | $4.6M | — | View 990 |
| 2017 | $4.2M | $4.6M | $5.9M | $5.1M | — | View 990 |
| 2016 | $2.6M | $2.2M | $5.2M | $4.0M | — | View 990 |
| 2015 | $1.9M | $3.6M | $3.1M | $2.3M | — | View 990 |
| 2014 | $3.6M | $3.6M | $3.9M | $1.4M | — | View 990 |
| 2013 | $3.9M | $2.5M | $3.2M | $658K | — | View 990 |
| 2012 | $1.2M | $759K | $1.2M | $148K | — | View 990 |
| 2011 | $0 | $185K | $632K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.7M, expenses of $15.1M, and assets of $31.9M (revenue -5.8% year-over-year).
- 2022: Revenue of $14.5M, expenses of $14.1M, and assets of $26.1M (revenue +25.1% year-over-year).
- 2021: Revenue of $11.6M, expenses of $10.4M, and assets of $4.8M (revenue +82.0% year-over-year).
- 2020: Revenue of $6.4M, expenses of $9.0M, and assets of $6.1M (revenue +80.5% year-over-year).
- 2019: Revenue of $3.5M, expenses of $8.1M, and assets of $5.7M (revenue -41.2% year-over-year).
- 2018: Revenue of $6.0M, expenses of $4.5M, and assets of $6.9M (revenue +44.6% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.6M, and assets of $5.9M (revenue +58.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.2M, and assets of $5.2M (revenue +35.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $3.6M, and assets of $3.1M (revenue -46.7% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.6M, and assets of $3.9M (revenue -7.2% year-over-year).
- 2013: Revenue of $3.9M, expenses of $2.5M, and assets of $3.2M (revenue +223.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $759K, and assets of $1.2M.
- 2011: Revenue of $0, expenses of $185K, and assets of $632K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Odyssey Inc:
Data Sources and Methodology
This transparency report for Odyssey Inc 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.