Omega Institute for Holistic Studies Inc

Analysis

Omega Institute for Holistic Studies Inc is a registered charity in United States, based in Rhinebeck, NY. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Omega Institute for Holistic Studies Inc reported income of $16.5m and spending of $18.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.8m to $16.5m (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Omega Institute for Holistic Studies Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Partnership for Los Angeles Schools ($16.5m), Denver Scholarship Foundation ($16.5m) and Literacy Lab ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $777k (4.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $26.4m against liabilities of $14.0m, net assets of $12.4m. It reported 293 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.