Omega Gold Development Group Inc

Analysis

Omega Gold Development Group Inc is a registered charity in United States, based in Suitland, MD. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Gold Development Group Inc reported income of $70k and spending of $62k, spending 89% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $123k to $70k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Omega Gold Development Group Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Albina Plaza ($70k), Willow Corporation ($70k) and St Mary Conference ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4,182 against liabilities of $0, net assets of $4,182.