Omt Inc

Analysis

Omt Inc is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Omt Inc reported income of $123k and spending of $111k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $102k to $123k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Omt Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within SC. Charities of a similar size with the same main cause include Mount Hope Housing Co Inc ($123k), Lyceum III Housing Development Fund Corp ($123k) and Ocl Properties IX Inc ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $104k against liabilities of $522k, net assets of -$418k.