Quick charity verification for Omega Charities Inc (EIN: 20803693)
Verdict: Omega Charities Inc appears trustworthy
92/100Mission Score
$208KRevenue
$100KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for mission.
Zero liabilities reported across all 13 filings, demonstrating exceptional financial solvency.
Significant asset growth from $1,842 in 2015 to $267,668 in 2023, building a strong financial foundation.
Long history of IRS 990 filings (13 periods), providing extensive financial transparency.
Expenses consistently well below revenue in most periods, allowing for asset accumulation.
Spending Breakdown
How Omega Charities Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Omega Charities Inc
Is Omega Charities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Omega Charities Inc (EIN: 20803693) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Omega Charities Inc a good charity to donate to?
Omega Charities Inc has a Mission Score of 92/100. Revenue: $208K. Assets: $100K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Omega Charities Inc?
The Employer Identification Number (EIN) for Omega Charities Inc is 20803693. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Omega Charities Inc spend its money?
Omega Charities Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Omega Charities Inc's tax-exempt status?
You can verify Omega Charities Inc's tax-exempt status using EIN 20803693 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Omega Charities Inc. demonstrates a fluctuating but generally positive financial trajectory, with recent years showing significant revenue growth. For instance, revenue jumped from $14,132 in 2019 to $194,999 in 2020, and then to $135,303 in 2022, before a dip to $42,448 in 2023. Despite these fluctuations, the organization consistently maintains zero liabilities across all reported periods, indicating strong financial solvency and responsible debt management. Their asset base has also grown substantially, from $1,842 in 2015 to $267,668 in 2023, suggesting effective asset accumulation.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This indicates that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. Programmatic spending, while not explicitly detailed in the provided data, can be inferred to be a significant portion of expenses given the lack of other major cost centers. The consistent absence of liabilities further reinforces a picture of sound financial management.
Transparency is high regarding executive compensation, as the 0% reported for officer compensation is a clear and consistent data point. The availability of 13 years of filing history also contributes to transparency, allowing for a comprehensive review of financial trends. The organization's ability to operate without incurring debt over such a long period is a testament to its prudent financial practices.