Omega Alpha Academy

Analysis

Omega Alpha Academy is a registered charity in United States, based in Douglas, AZ. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Omega Alpha Academy reported income of $4.1m and spending of $3.7m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.4m to $4.1m (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Omega Alpha Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Augusta Heritage Academy Inc ($4.1m), Institute for Girls Education ($4.1m) and Lake Erie College Prep School ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $292k (8.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.3m against liabilities of $151k, net assets of $4.1m. It reported 53 employees.