Omena Village Preservation Association Inc

Analysis

Omena Village Preservation Association Inc is a registered charity in United States, based in Omena, MI. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Omena Village Preservation Association Inc reported income of $95k and spending of $90k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $91k to $95k (+3.5%), an average of +1.1% a year. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Omena Village Preservation Association 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 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Hamilton Economic Development Corp ($94k), Oak Hill Avenue Improvement Corp ($95k) and West Central Ohio Manufacturing Partnership ($94k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 74% of the total. At year end it held assets of $730k against liabilities of $113k, net assets of $617k.