Omca Town Square Inc

Analysis

Omca Town Square Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Omca Town Square Inc reported income of $1.0m and spending of $903k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.4m to $1.0m (-56%), an average of -24% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Omca Town Square Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Emerge Gallery Art Center ($1.0m), Northern Chumash Tribal Council ($1.0m) and US Term Limits Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 76% of the total. At year end it held assets of $16.9m against liabilities of $14.0m, net assets of $2.9m.