Oma Educational and Industrial Development Institute

Analysis

Oma Educational and Industrial Development Institute is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Oma Educational and Industrial Development Institute reported income of $7.8m and spending of $7.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $7.8m (+1648%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 571%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oma Educational and Industrial Development Institute 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 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Repair the World Inc ($7.8m), Berks County Nonprofit Development Corporation ($7.8m) and Macon Program for Progress Inc ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $606k (8.2% of expenses). At year end it held assets of $912k against liabilities of $0, net assets of $912k.