Omega Baltimore Foundation Inc

Analysis

Omega Baltimore Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2023, Omega Baltimore Foundation Inc reported income of $276k and spending of $277k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $285k to $276k (-3.4%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 282%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Omega Baltimore Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Icare4 Inc ($276k), Lowell Youth Leadership Program Inc ($276k) and Connections 4 Kids ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $245k. At year end it held assets of $63k against liabilities of $0, net assets of $63k.