Omaha Homeschool Learning Center
Omaha Homeschool Learning Center shows stable finances with no executive compensation.
EIN: 203374267 · Bellevue, NE · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $333K |
| Total Expenses | $283K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $280,285. |
| Net Assets | $130K |
| Transparency Score | 90/100 |
Is Omaha Homeschool Learning Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Omaha Homeschool Learning Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Omaha Homeschool Learning Center
Omaha Homeschool Learning Center (EIN: 203374267) is a nonprofit organization based in Bellevue, NE, classified under NTEE code B20. The organization reported total revenue of $333K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omaha Homeschool Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omaha Homeschool Learning Center is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $283K |
| Surplus / Deficit | $-2,442 |
| Total Assets | $138K |
| Total Liabilities | $8K |
| Net Assets | $130K |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2024, Omaha Homeschool Learning Center reported a deficit of $2K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2024), Omaha Homeschool Learning Center's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.9% | +6.6% | -1.8% |
| 2023 | -16.0% | +37.2% | -13.6% |
| 2022 | +63.4% | +22.6% | +49.2% |
| 2021 | +8.0% | -15.9% | +41.2% |
| 2020 | -25.5% | -5.5% | -11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Omaha Homeschool Learning Center with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Omaha Homeschool Learning Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size with latest revenue of $280,285.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Omaha Homeschool Learning Center:
- Consistent 0% officer compensation across all filings, indicating high dedication to mission.
- Healthy asset-to-liability ratio, demonstrating strong financial stability (e.g., $138,313 assets vs. $7,981 liabilities in 202406).
- Long and consistent history of IRS 990 filings (12 filings), indicating strong transparency and compliance.
- General upward trend in revenue over the past decade, suggesting growing support and sustainability.
- Expenses closely track revenues, indicating efficient use of funds for operations.
Frequently Asked Questions about Omaha Homeschool Learning Center
Is Omaha Homeschool Learning Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Omaha Homeschool Learning Center (EIN: 203374267) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Omaha Homeschool Learning Center spend its money?
Omaha Homeschool Learning Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Omaha Homeschool Learning Center tax-deductible?
Omaha Homeschool Learning Center is registered as a tax-exempt nonprofit (EIN: 203374267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Omaha Homeschool Learning Center CEO make?
Omaha Homeschool Learning Center's highest-compensated officer earns $280,285. annually. The organization reported $333K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Omaha Homeschool Learning Center's spending goes to programs?
Omaha Homeschool Learning Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Omaha Homeschool Learning Center compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Omaha Homeschool Learning Center is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Omaha Homeschool Learning Center located?
Omaha Homeschool Learning Center is headquartered in Bellevue, Nebraska and files with the IRS under EIN 203374267. It is classified under NTEE code B20.
How many years of IRS 990 filings does Omaha Homeschool Learning Center have?
Omaha Homeschool Learning Center has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $333K in total revenue.
Is Omaha Homeschool Learning Center a good charity?
Based on the available financial data, Omaha Homeschool Learning Center appears to be a well-managed and transparent organization. It consistently reports 0% officer compensation, maintains a healthy asset-to-liability ratio, and has a strong history of IRS 990 filings, all of which are positive indicators.
How has the organization's revenue trended over time?
The organization's revenue has shown a general upward trend over the past decade, from $179,086 in 201506 to $280,285 in 202406, with some fluctuations, indicating growth and sustained support.
What is the organization's financial stability?
Omaha Homeschool Learning Center demonstrates good financial stability. In the latest filing (202406), assets of $138,313 significantly outweigh liabilities of $7,981, indicating a strong financial position and low debt.
Filing History
IRS 990 filing history for Omaha Homeschool Learning Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Omaha Homeschool Learning Center's revenue has grown by 203.5%, moving from $92K to $280K. Total assets increased by 557.3% over the same period, from $21K to $138K. Total functional expenses rose by 206.8%, from $92K to $283K. In its most recent filing year (2024), Omaha Homeschool Learning Center reported a deficit of $2K, with expenses exceeding revenue. The organization holds $8K in liabilities against $138K in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $280K | $283K | $138K | $8K | — | — |
| 2023 | $238K | $265K | $141K | $8K | — | View 990 |
| 2022 | $283K | $193K | $163K | $3K | — | View 990 |
| 2021 | $173K | $158K | $109K | $39K | — | View 990 |
| 2020 | $160K | $188K | $77K | $22K | — | View 990 |
| 2019 | $215K | $198K | $87K | $5K | — | View 990 |
| 2018 | $200K | $250K | $68K | $3K | — | View 990 |
| 2017 | $198K | $158K | $116K | $738 | — | View 990 |
| 2016 | $163K | $157K | $76K | $1K | — | View 990 |
| 2015 | $179K | $155K | $70K | $0 | — | View 990 |
| 2014 | $154K | $136K | $46K | $8K | — | View 990 |
| 2012 | $92K | $92K | $21K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $280K, expenses of $283K, and assets of $138K (revenue +17.9% year-over-year).
- 2023: Revenue of $238K, expenses of $265K, and assets of $141K (revenue -16.0% year-over-year).
- 2022: Revenue of $283K, expenses of $193K, and assets of $163K (revenue +63.4% year-over-year).
- 2021: Revenue of $173K, expenses of $158K, and assets of $109K (revenue +8.0% year-over-year).
- 2020: Revenue of $160K, expenses of $188K, and assets of $77K (revenue -25.5% year-over-year).
- 2019: Revenue of $215K, expenses of $198K, and assets of $87K (revenue +7.7% year-over-year).
- 2018: Revenue of $200K, expenses of $250K, and assets of $68K (revenue +1.0% year-over-year).
- 2017: Revenue of $198K, expenses of $158K, and assets of $116K (revenue +21.2% year-over-year).
- 2016: Revenue of $163K, expenses of $157K, and assets of $76K (revenue -8.8% year-over-year).
- 2015: Revenue of $179K, expenses of $155K, and assets of $70K (revenue +16.2% year-over-year).
- 2014: Revenue of $154K, expenses of $136K, and assets of $46K (revenue +66.9% year-over-year).
- 2012: Revenue of $92K, expenses of $92K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omaha Homeschool Learning Center:
Data Sources and Methodology
This transparency report for Omaha Homeschool Learning Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.