Omega 320 Ministry Inc

Analysis

Omega 320 Ministry Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 320 Ministry Inc reported income of $106k and spending of $104k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $187k to $106k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Omega 320 Ministry Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Oklahoma Civilian Defense Fire Company ($106k), Marion Township Volunteer Fire Company ($106k) and South Carolina Cooperatives Care Foundation ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,892 against liabilities of $0, net assets of $1,892.