Omegaup

Analysis

Omegaup is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, Omegaup reported income of $125k and spending of $85k, leaving 31% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $107k to $125k (+16%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Omegaup 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 43rd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Museum of Deaf History Arts and Culture Inc Mdhac ($125k), The Gilbert & Sullivan Very Light Opera Company ($125k) and Northwest Ohio Railroad Preservatio N Inc ($125k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.