Theta Omega Inc

Analysis

Theta Omega Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2002, 24 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 December 2023, Theta Omega Inc reported income of $127k and spending of $119k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $148k to $127k (-15%), an average of -15% a year. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Theta Omega Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include Torchbearers ($126k), The New Jersey State Golf Association Youth Foundation Inc ($127k) and World Soccer Organization Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.