Omega Wellness Group
Omega Wellness Group faces declining revenue and consistent operational deficits, with expenses exceeding income in most recent filings.
EIN: 202996363 · Brunswick, ME · NTEE: E50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $140K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 55/100 |
Is Omega Wellness Group Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Omega Wellness Group directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Omega Wellness Group
Omega Wellness Group (EIN: 202996363) is a nonprofit organization based in Brunswick, ME, classified under NTEE code E50. The organization reported total revenue of $1.2M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omega Wellness Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omega Wellness Group is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 28.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $140K |
| Surplus / Deficit | $-91,790 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -192.0% |
| Months of Reserves | 109.4 months |
Financial Health Grade: B
In 2024, Omega Wellness Group reported a deficit of $92K with expenses exceeding revenue, holds 109.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Omega Wellness Group's revenue has grown at a compound annual growth rate (CAGR) of 28.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -68.4% | -4.0% | -6.7% |
| 2023 | +124.9% | +25.7% | +0.4% |
| 2022 | -50.8% | +1.5% | -3.4% |
| 2021 | +266.9% | -7.1% | +0.5% |
| 2020 | -67.3% | -7.0% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Omega Wellness Group with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Omega Wellness Group allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $92K, with expenses exceeding revenue.
Executive Compensation Analysis
Omega Wellness Group reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that compensation is covered by other means, which is highly unusual for an organization with over $1 million in assets.
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.
Red Flags
The following concerns were identified during AI analysis of Omega Wellness Group's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in 8 out of 10 recent filings.
- Significant and sustained decline in annual revenue from a high of $534,868 in 201506 to $47,813 in 202406.
- Lack of reported officer compensation for an organization with over $1 million in assets, which could indicate reliance on volunteers or undisclosed compensation structures.
- Expenses in 202406 ($139,603) were nearly three times the revenue ($47,813), indicating a severe financial imbalance.
Strengths
The following positive indicators were identified for Omega Wellness Group:
- Maintains a healthy asset base ($1,378,725 latest) with minimal liabilities, suggesting financial stability in terms of reserves.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
- No reported officer compensation, potentially maximizing funds available for programs if managed effectively.
Frequently Asked Questions about Omega Wellness Group
Is Omega Wellness Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Omega Wellness Group (EIN: 202996363) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Omega Wellness Group spend its money?
Omega Wellness Group directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Omega Wellness Group tax-deductible?
Omega Wellness Group is registered as a tax-exempt nonprofit (EIN: 202996363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Omega Wellness Group CEO make?
Omega Wellness Group's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Omega Wellness Group's spending goes to programs?
Omega Wellness Group directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Omega Wellness Group compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Omega Wellness Group is near average for NTEE category E50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Omega Wellness Group located?
Omega Wellness Group is headquartered in Brunswick, Maine and files with the IRS under EIN 202996363. It is classified under NTEE code E50.
How many years of IRS 990 filings does Omega Wellness Group have?
Omega Wellness Group 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 $1.2M in total revenue.
What is the cause of the significant decline in revenue from $534,868 in 201506 to $47,813 in 202406?
The IRS 990 data does not provide specific reasons for the revenue decline, but it is a critical area for further investigation to understand the organization's financial sustainability.
How does Omega Wellness Group cover its operational deficits, especially in periods like 202406 where expenses ($139,603) far exceeded revenue ($47,813)?
The organization likely draws from its assets to cover these deficits, as liabilities remain at $0 in most periods, indicating a reliance on reserves rather than debt.
What are the specific program activities and their associated costs, given the NTEE code E50 (Mental Health & Crisis Intervention)?
The provided IRS 990 summary does not detail specific program activities or their functional expenses, making it difficult to assess the direct impact of spending.
Filing History
IRS 990 filing history for Omega Wellness Group showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Omega Wellness Group's revenue has grown by 1945.9%, moving from $2K to $48K. Total assets increased by 126.6% over the same period, from $562K to $1.3M. Total functional expenses rose by 270.8%, from $38K to $140K. In its most recent filing year (2024), Omega Wellness Group reported a deficit of $92K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $48K | $140K | $1.3M | $0 | — | — |
| 2023 | $151K | $145K | $1.4M | $0 | — | — |
| 2022 | $67K | $116K | $1.4M | $0 | — | — |
| 2021 | $137K | $114K | $1.4M | $0 | — | View 990 |
| 2020 | $37K | $123K | $1.4M | $15K | — | View 990 |
| 2019 | $114K | $132K | $1.5M | $0 | — | View 990 |
| 2018 | $99K | $134K | $1.5M | $0 | — | View 990 |
| 2017 | $245K | $113K | $1.5M | $0 | — | View 990 |
| 2016 | $500K | $78K | $1.4M | $0 | — | View 990 |
| 2015 | $535K | $78K | $970K | $0 | — | View 990 |
| 2014 | $15K | $37K | $513K | $0 | — | View 990 |
| 2013 | $13K | $39K | $536K | $0 | — | View 990 |
| 2012 | $2K | $38K | $562K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $48K, expenses of $140K, and assets of $1.3M (revenue -68.4% year-over-year).
- 2023: Revenue of $151K, expenses of $145K, and assets of $1.4M (revenue +124.9% year-over-year).
- 2022: Revenue of $67K, expenses of $116K, and assets of $1.4M (revenue -50.8% year-over-year).
- 2021: Revenue of $137K, expenses of $114K, and assets of $1.4M (revenue +266.9% year-over-year).
- 2020: Revenue of $37K, expenses of $123K, and assets of $1.4M (revenue -67.3% year-over-year).
- 2019: Revenue of $114K, expenses of $132K, and assets of $1.5M (revenue +15.4% year-over-year).
- 2018: Revenue of $99K, expenses of $134K, and assets of $1.5M (revenue -59.7% year-over-year).
- 2017: Revenue of $245K, expenses of $113K, and assets of $1.5M (revenue -51.1% year-over-year).
- 2016: Revenue of $500K, expenses of $78K, and assets of $1.4M (revenue -6.5% year-over-year).
- 2015: Revenue of $535K, expenses of $78K, and assets of $970K (revenue +3430.5% year-over-year).
- 2014: Revenue of $15K, expenses of $37K, and assets of $513K (revenue +20.2% year-over-year).
- 2013: Revenue of $13K, expenses of $39K, and assets of $536K (revenue +439.2% year-over-year).
- 2012: Revenue of $2K, expenses of $38K, and assets of $562K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omega Wellness Group:
Data Sources and Methodology
This transparency report for Omega Wellness Group 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.