Omaha Development Foundation

Analysis

Omaha Development Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 1983, 43 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 Development Foundation reported income of $552k and spending of $712k, spending 129% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $38k to $552k (+1341%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 548%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omaha Development Foundation 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 72nd percentile, and in the 71st percentile within NE. Charities of a similar size with the same main cause include Delaware Restaurant Association Educational Foundation ($552k), Crime Victims United Charitable Foundation ($552k) and Local Management Board of Allegany County Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $3.1m against liabilities of $7,886, net assets of $3.1m.