Omega House Inc

Analysis

Omega House Inc is a registered charity in United States, based in Houghton, MI. It received its IRS tax-exemption ruling in December 2000, 26 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 House Inc reported income of $946k and spending of $866k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $733k to $946k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omega House Inc 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 79th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include St Marys Early Childhood Learning Center ($946k), Increasing H O P E ($946k) and Intercountry Adoption Accreditation and Maintenance Entity Inc ($945k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 42% of the total. Other salaries and wages came to $555k. At year end it held assets of $5.6m against liabilities of $40k, net assets of $5.6m. It reported 27 employees.