Omid Multicultural Institute for Development

Analysis

Omid Multicultural Institute for Development is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Omid Multicultural Institute for Development reported income of $904k and spending of $926k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $904k (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omid Multicultural Institute for Development sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Small World Inc of New Glarus ($904k), Union County Council on Aging and Aged Inc ($904k) and Partners for a Hunger Free Oregon ($904k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (2.6% of expenses). Other salaries and wages came to $625k. At year end it held assets of $166k against liabilities of $0, net assets of $166k. It reported 27 employees.