Omega School Of Gymnastics Inc
EIN: 470576933 · Papillion, NE · NTEE: B28
| Metric | Value |
|---|---|
| Total Revenue | $85 |
| Total Expenses | $71K |
| Net Assets | $134K |
Is Omega School Of Gymnastics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Omega School Of Gymnastics Inc
Omega School Of Gymnastics Inc (EIN: 470576933) is a nonprofit organization based in Papillion, NE, classified under NTEE code B28. The organization reported total revenue of $85 and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omega School Of Gymnastics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omega School Of Gymnastics Inc is a micro nonprofit that has been operating for 49 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -24.0%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $71K |
| Surplus / Deficit | +$1K |
| Total Assets | $140K |
| Total Liabilities | $5K |
| Net Assets | $134K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 23.6 months |
Financial Health Grade: A
In 2018, Omega School Of Gymnastics Inc reported a surplus of $1K with revenue exceeding expenses, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Omega School Of Gymnastics Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +5.6% | -33.7% | -20.3% |
| 2017 | -22.3% | +5.2% | -8.0% |
| 2016 | -6.6% | +0.9% | -11.9% |
| 2015 | -26.3% | -24.0% | -2.4% |
| 2014 | -80.2% | -79.2% | -16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Omega School Of Gymnastics Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Omega School Of Gymnastics Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Omega School Of Gymnastics Inc
Is Omega School Of Gymnastics Inc a legitimate charity?
Omega School Of Gymnastics Inc (EIN: 470576933) is a registered tax-exempt nonprofit based in Nebraska. It has 8 years of IRS 990 filings on record. Total revenue: $85. No red flags identified. Financial health grade: A.
How does Omega School Of Gymnastics Inc spend its money?
Omega School Of Gymnastics Inc reported $85 in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Omega School Of Gymnastics Inc tax-deductible?
Omega School Of Gymnastics Inc is registered as a tax-exempt nonprofit (EIN: 470576933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Omega School Of Gymnastics Inc located?
Omega School Of Gymnastics Inc is headquartered in Papillion, Nebraska and files with the IRS under EIN 470576933. It is classified under NTEE code B28.
How many years of IRS 990 filings does Omega School Of Gymnastics Inc have?
Omega School Of Gymnastics Inc has 8 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 $85 in total revenue.
Filing History
IRS 990 filing history for Omega School Of Gymnastics Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Omega School Of Gymnastics Inc's revenue has declined by 85.4%, moving from $495K to $73K. Total assets decreased by 22% over the same period, from $179K to $140K. Total functional expenses fell by 84.3%, from $452K to $71K. In its most recent filing year (2018), Omega School Of Gymnastics Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $5K in liabilities against $140K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $134K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $73K | $71K | $140K | $5K | — | View 990 |
| 2017 | $69K | $107K | $175K | $42K | — | View 990 |
| 2016 | $88K | $102K | $190K | $19K | — | View 990 |
| 2015 | $95K | $101K | $216K | $31K | — | View 990 |
| 2014 | $128K | $133K | $222K | $30K | — | View 990 |
| 2013 | $648K | $641K | $266K | $70K | — | View 990 |
| 2012 | $556K | $502K | $246K | $57K | — | View 990 |
| 2011 | $495K | $452K | $179K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $73K, expenses of $71K, and assets of $140K (revenue +5.6% year-over-year).
- 2017: Revenue of $69K, expenses of $107K, and assets of $175K (revenue -22.3% year-over-year).
- 2016: Revenue of $88K, expenses of $102K, and assets of $190K (revenue -6.6% year-over-year).
- 2015: Revenue of $95K, expenses of $101K, and assets of $216K (revenue -26.3% year-over-year).
- 2014: Revenue of $128K, expenses of $133K, and assets of $222K (revenue -80.2% year-over-year).
- 2013: Revenue of $648K, expenses of $641K, and assets of $266K (revenue +16.6% year-over-year).
- 2012: Revenue of $556K, expenses of $502K, and assets of $246K (revenue +12.1% year-over-year).
- 2011: Revenue of $495K, expenses of $452K, and assets of $179K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omega School Of Gymnastics Inc:
Data Sources and Methodology
This transparency report for Omega School Of Gymnastics 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.