In 1995 the Texas Education Code was revised to create a new type of public school, known as a charter school. Charter schools are subject to fewer state laws than other public schools with the idea of ensuring fiscal and academic accountability without undue regulation of instructional methods or pedagogical innovation. Like school districts, charter schools are monitored and accredited under the statewide testing and accountability system.

Charter schools were created because law makers felt that schools that had less laws and restrictions imposed on them may have an advantage over traditional public schools. A charter school's purpose is to improve student learning, increase the choice of learning opportunities within the public school system, create professional opportunities that will attract new teachers to the public school system, establish a new form of accountability for public schools, and encourage different and innovative learning methods.

Odyssey Academy was established in 1999 as an open enrollment public charter school with these purposes in mind. Odyssey Academy is fulfilling these purposes through its mission of creating a model educational institution that serves the specific needs of at-risk students by focusing on Math, Science, and Technology. Odyssey Academy wants to see every student achieve and succeed in eduction and in life.

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