Omega Lambda Iota Social Action and Scholarship Foundation Inc

Analysis

Omega Lambda Iota Social Action and Scholarship Foundation Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in February 2023, 3 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 October 2023, Omega Lambda Iota Social Action and Scholarship Foundation Inc reported income of $76k and spending of $71k, spending 93% of its income. Across the 6 years on record, from October 2017 to October 2023, income grew from $46k to $76k (+66%), an average of +11% a year. The sharpest change came in the year to October 2023, when income rose by 118%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omega Lambda Iota Social Action and Scholarship Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Sacred Heart St Joseph St Vincent de Paul ($76k), Grace to Glory Discipleship Ministries Inc ($76k) and Spiritual Science Researchfoundation Inc ($76k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 69% and program service revenue 22% of the total. At year end it held assets of $5,091 against liabilities of $0, net assets of $5,091.