Omslife Foundation Inc

Analysis

Omslife Foundation Inc is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Omslife Foundation Inc reported income of $67k and spending of $72k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $81k to $67k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Omslife Foundation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include DCG Giving Inc ($67k), Friends for Goodhealth Inc ($67k) and Brooke Army Medical Center Womens Auxiliary ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.