Omnilore Learning-In-Retirement Inc

Analysis

Omnilore Learning-In-Retirement Inc is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in August 2021, 5 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 December 2023, Omnilore Learning-In-Retirement Inc reported income of $57k and spending of $61k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $57k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Omnilore Learning-In-Retirement Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Sunrise Academy ($57k), Bricklayers and Allied Craft Workers Local 1 Scholarship and ($57k) and Celebration City Communitydevelopement Corporation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 17% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.