Beta Omega Social Services Incorporated

Analysis

Beta Omega Social Services Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Beta Omega Social Services Incorporated reported income of $112k and spending of $138k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $148k to $112k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2024, when income dropped by 44%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beta Omega Social Services Incorporated sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include Waccamaw Market Cooperative ($112k), Missouri Statewide Independent Living Council ($112k) and Bridge Collective ($112k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $43k. At year end it held assets of $120k against liabilities of $71k, net assets of $49k. It reported 7 employees.