Delta Omega Foundation Inc

Analysis

Delta Omega Foundation Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. 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, Delta Omega Foundation Inc reported income of $160k and spending of $108k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $160k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delta Omega Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include National Institute for State Credit Union Examination ($160k), Down by Downtown Music Inc ($160k) and Lititz Historical Foundation Inc ($160k).

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 $328k against liabilities of $59k, net assets of $269k.