Omega Nu-Sigma Alpha Chapter

Analysis

Omega Nu-Sigma Alpha Chapter is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in February 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Omega Nu-Sigma Alpha Chapter reported income of $331k and spending of $213k, leaving 36% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $155k to $331k (+114%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 88%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Omega Nu-Sigma Alpha Chapter sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Franklin N Flaschner Judicial Institute Inc ($331k), San Diego Chinese Cultural Assoc ($331k) and Cooperwood Equine Rescue ($331k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.