Alpha Omega Foundation Inc

Analysis

Alpha Omega Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1984, 42 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 December 2023, Alpha Omega Foundation Inc reported income of $83k and spending of $67k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,749 to $83k (+1131%), an average of +87% a year. The sharpest change came in the year to December 2020, when income rose by 1023%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Omega Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include The 4 C Foundation Inc ($83k), Volunteers of America Inc ($83k) and Harry C Trexler Trust Fund Springwood Park Maintenance Fund ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.