Omega Charitable Developers Inc

Analysis

Omega Charitable Developers Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Omega Charitable Developers Inc reported income of $23.5m and spending of $23.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $24.7m to $23.5m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Omega Charitable Developers Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Marvin M Schwan Charitable Foundation ($23.4m), Dynamic Catholic Institute ($23.8m) and John G & Marie Stella Kenedy Memorial Foundation ($23.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.4m against liabilities of $22k, net assets of $5.4m.