Rho Omega and Friends Inc

Analysis

Rho Omega and Friends Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in June 1997, 29 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 December 2023, Rho Omega and Friends Inc reported income of $328k and spending of $60k, leaving 82% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $6,075 to $328k (+5303%), an average of +635% a year. The sharpest change came in the year to December 2022, when income rose by 4685%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rho Omega and Friends Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within LA. Charities of a similar size with the same main cause include Pinedale Community Food Basket Inc ($328k), Womanspace Inc ($328k) and Economic Opportunity Center Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $71k against liabilities of $124k, net assets of -$53k.