Nu Gamma Omega Educational and Charitable Foundation Inc

Analysis

Nu Gamma Omega Educational and Charitable Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Nu Gamma Omega Educational and Charitable Foundation Inc reported income of $119k and spending of $158k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $139k to $119k (-14%), an average of -3.8% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nu Gamma Omega Educational and Charitable Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within LA. Charities of a similar size with the same main cause include Chesapeake Athletic Boosters ($119k), Melissa Booster Clubs Inc ($119k) and New Life Technology Group Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $924k against liabilities of $269k, net assets of $655k.