Omega Espresso Bar

Analysis

Omega Espresso Bar is a registered charity in United States, based in Tualatin, OR. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover employment, 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 2023, Omega Espresso Bar reported income of $103k and spending of $127k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $103k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Omega Espresso Bar sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within OR. Charities of a similar size with the same main cause include Friends of Blairsville Communities ($103k), Climbing for Change Inc ($103k) and Farmers Market of Bluffton Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.