Omega Charities Inc
Omega Charities Inc. consistently reports 0% officer compensation and zero liabilities, demonstrating strong financial solvency despite fluctuating revenues.
EIN: 20803693 · Great Falls, VA · NTEE: B82 · Updated: 2026-03-28
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $208K |
| Total Expenses | $32K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $207,970. |
| Net Assets | $268K |
| Transparency Score | 92/100 |
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Omega Charities Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Omega Charities Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Omega Charities Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $42K and expenses of $32K.
Revenue and Expenses
Omega Charities Inc reported $42K in revenue and $32K in expenses, a surplus of $10K.
Executive Compensation
Top officer compensation appears as $207,970. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Omega Charities Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $29K (90%) |
Across stored filings, Omega Charities Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Education context |
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Omega Charities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Omega Charities Inc
Omega Charities Inc (EIN: 20803693) is a nonprofit organization based in Great Falls, VA, classified under NTEE code B82. The organization reported total revenue of $208K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omega Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omega Charities Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $32K |
| Surplus / Deficit | +$10K |
| Total Assets | $268K |
| Net Assets | $268K |
| Operating Margin | 24.3% |
| Months of Reserves | 99.9 months |
Financial Health Grade: A
In 2023, Omega Charities Inc reported a surplus of $10K with revenue exceeding expenses, holds 99.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Omega Charities Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.6% | -3.1% | +20.9% |
| 2022 | +11.0% | -66.7% | +88.2% |
| 2021 | -37.5% | -23.0% | +28.7% |
| 2020 | +1279.8% | +1480.8% | +228.0% |
| 2019 | -64.3% | -76.9% | +27.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Omega Charities Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Omega Charities Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly favorable for a nonprofit of its size with latest revenue of $207,970.
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 Omega Charities Inc:
- 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.
Frequently Asked Questions about Omega Charities Inc
Is Omega Charities Inc a legitimate charity?
Omega Charities Inc (EIN: 20803693) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $208K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Omega Charities Inc spend its money?
Omega Charities Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Omega Charities Inc tax-deductible?
Omega Charities Inc is registered as a tax-exempt nonprofit (EIN: 20803693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Omega Charities Inc CEO make?
Omega Charities Inc's highest-compensated officer earns $207,970. annually. The organization reported $208K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Omega Charities Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Omega Charities Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Omega Charities Inc located?
Omega Charities Inc is headquartered in Great Falls, Virginia and files with the IRS under EIN 20803693. It is classified under NTEE code B82.
How many years of IRS 990 filings does Omega Charities Inc have?
Omega Charities Inc has 13 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 $208K in total revenue.
Is Omega Charities Inc. financially stable?
Yes, Omega Charities Inc. appears financially stable. They consistently report zero liabilities and have grown their assets from $1,842 in 2015 to $267,668 in 2023, indicating strong financial health despite revenue fluctuations.
How does Omega Charities Inc. manage its expenses?
The organization manages its expenses effectively, as evidenced by the consistent 0% officer compensation and the fact that expenses are generally well below revenue, allowing for asset growth. For example, in 2022, revenue was $135,303 while expenses were $33,164.
What is the trend in Omega Charities Inc.'s revenue?
Omega Charities Inc. has experienced significant revenue fluctuations, with a notable peak of $194,999 in 2020, followed by $135,303 in 2022, and a more recent dip to $42,448 in 2023. The latest reported revenue is $207,970, suggesting a rebound.
Filing History
IRS 990 filing history for Omega Charities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Omega Charities Inc's revenue has grown by 2022.4%, moving from $2K to $42K. Total assets increased by 12212.2% over the same period, from $2K to $268K. Total functional expenses rose by 403.1%, from $6K to $32K. In its most recent filing year (2023), Omega Charities Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $32K | $268K | $0 | — | — |
| 2022 | $135K | $33K | $221K | $0 | — | View 990 |
| 2021 | $122K | $100K | $118K | $0 | — | View 990 |
| 2020 | $195K | $129K | $91K | $0 | — | View 990 |
| 2019 | $14K | $8K | $28K | $0 | — | View 990 |
| 2018 | $40K | $35K | $22K | $0 | — | View 990 |
| 2017 | $29K | $15K | $18K | $0 | — | View 990 |
| 2016 | $25K | $23K | $4K | $0 | — | View 990 |
| 2015 | $4K | $5K | $2K | $0 | — | View 990 |
| 2014 | $5K | $4K | $2K | $0 | — | View 990 |
| 2013 | $4K | $5K | $4K | $0 | — | View 990 |
| 2012 | $4K | $4K | $5K | $0 | — | View 990 |
| 2011 | $2K | $6K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $32K, and assets of $268K (revenue -68.6% year-over-year).
- 2022: Revenue of $135K, expenses of $33K, and assets of $221K (revenue +11.0% year-over-year).
- 2021: Revenue of $122K, expenses of $100K, and assets of $118K (revenue -37.5% year-over-year).
- 2020: Revenue of $195K, expenses of $129K, and assets of $91K (revenue +1279.8% year-over-year).
- 2019: Revenue of $14K, expenses of $8K, and assets of $28K (revenue -64.3% year-over-year).
- 2018: Revenue of $40K, expenses of $35K, and assets of $22K (revenue +35.8% year-over-year).
- 2017: Revenue of $29K, expenses of $15K, and assets of $18K (revenue +18.1% year-over-year).
- 2016: Revenue of $25K, expenses of $23K, and assets of $4K (revenue +529.5% year-over-year).
- 2015: Revenue of $4K, expenses of $5K, and assets of $2K (revenue -19.2% year-over-year).
- 2014: Revenue of $5K, expenses of $4K, and assets of $2K (revenue +27.3% year-over-year).
- 2013: Revenue of $4K, expenses of $5K, and assets of $4K (revenue -10.5% year-over-year).
- 2012: Revenue of $4K, expenses of $4K, and assets of $5K (revenue +113.1% year-over-year).
- 2011: Revenue of $2K, expenses of $6K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omega Charities Inc:
Data Sources and Methodology
This transparency report for Omega Charities Inc 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.