Omni Residence Inc

Analysis

Omni Residence Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Omni Residence Inc reported income of $168k and spending of $168k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $120k to $168k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Omni Residence Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Cissna Park Senior Life Development NFP ($168k), Rebuilding Hope Inc ($168k) and Home for a Home ($168k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.2m against liabilities of $1.4m, net assets of -$177k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.