Omaha Home for Boys

Analysis

Omaha Home for Boys is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 1939, 87 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Omaha Home for Boys reported income of $9.6m and spending of $9.1m, spending 94% of its income. Across the 6 years on record, from October 2019 to December 2023, income grew from $8.9m to $9.6m (+9.0%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 238%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omaha Home for Boys sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Midwest Senior Ministries Inc ($9.6m), Community Nutrition Network and Senior Services Association ($9.7m) and Boys & Girls Club Fox Valley Inc ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $304k (3.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $88.3m against liabilities of $1.5m, net assets of $86.8m. It reported 99 employees.