Omega Point Institute

Analysis

Omega Point Institute is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 Point Institute reported income of $456k and spending of $122k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $456k (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Omega Point Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Tryon Arts and Crafts Inc ($456k), We Find in Love ($456k) and Lane County Historical Society ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $661k against liabilities of $151k, net assets of $509k.