Pi Omega Foundation Inc

Analysis

Pi Omega Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Pi Omega Foundation Inc reported income of $174k and spending of $82k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income fell from $201k to $174k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pi Omega Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Fresno Gem & Mineral Society ($174k), A E Wright-Middle School P F C ($174k) and Courthouse Square Association Inc ($174k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. At year end it held assets of $672k against liabilities of $53k, net assets of $619k.