Detroit Omega Foundation Incorporated

Analysis

Detroit Omega Foundation Incorporated is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Detroit Omega Foundation Incorporated reported income of $96k and spending of $78k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $96k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Detroit Omega Foundation Incorporated sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include College Educational Charitable Foundation ($96k), Adventures Preschool ($96k) and Boosted Diplomas ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $449k against liabilities of $40k, net assets of $408k.