Omega Psi Phi Charities of Nevada

Analysis

Omega Psi Phi Charities of Nevada is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Omega Psi Phi Charities of Nevada reported income of $113k and spending of $105k, spending 93% of its income. Across the 4 years on record, from October 2020 to October 2023, income fell from $146k to $113k (-22%), an average of -8.1% a year. The sharpest change came in the year to October 2022, when income rose by 84%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Omega Psi Phi Charities of Nevada sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within NV. Charities of a similar size with the same main cause include Evans Scholars Foundation ($113k), Sequoyah Elementary Foundation ($113k) and Kelly Mill Elementary School PTO ($113k).

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