Omega Home Inc

Analysis

Omega Home Inc is a registered charity in United States, based in Hope, AR. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Omega Home Inc reported income of $836k and spending of $923k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $873k to $836k (-4.2%), an average of -1.4% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omega Home Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Gateway Allicance Against Human Trafficking ($835k), Corbin Senior Activity Center ($836k) and Family Dynamics Resource Center ($835k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $448k. At year end it held assets of $114k against liabilities of $118k, net assets of -$3,294.