Omega Lamplighters Inc

Analysis

Omega Lamplighters Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in April 2019, 7 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 September 2023, Omega Lamplighters Inc reported income of $672k and spending of $594k, spending 88% of its income. Across the 3 years on record, from December 2021 to September 2023, income grew from $196k to $672k (+243%), an average of +85% a year. The sharpest change came in the year to September 2023, when income rose by 3688%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Omega Lamplighters Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include The Boys and Girls Club of Chambersburg & Shippensburg Inc ($672k), Bani Adam ($673k) and Kids 4 College ($672k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $30k (5.0% of expenses). Other salaries and wages came to $245k. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 11 employees.