Omega Community Development Corporation

Analysis

Omega Community Development Corporation is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in August 1998, 28 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, Omega Community Development Corporation reported income of $6.6m and spending of $6.1m, spending 93% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $1.3m to $6.6m (+416%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 255%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omega Community Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include A Greater Love Foster Family Agency Inc ($6.6m), Moultrie County Beacon Inc ($6.6m) and Seacoast Learning Collaborative Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 64% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $10.7m against liabilities of $4.6m, net assets of $6.1m. It reported 70 employees.