Omni Affordable Housing Inc

Analysis

Omni Affordable Housing Inc is a registered charity in United States, based in Fredericksburg, VA. It received its IRS tax-exemption ruling in August 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Omni Affordable Housing Inc reported income of $71k and spending of $51k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $211 to $71k (+33347%), an average of +1729% a year. The sharpest change came in the year to December 2023, when income rose by 14695%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Omni Affordable Housing 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 27th percentile within VA. Charities of a similar size with the same main cause include Westhampton Senior Housing Inc ($71k), Friendship Mission ($71k) and Porchlight Foundation Inc ($71k).

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 $20k against liabilities of $0, net assets of $20k.