Rho Omega And Friends Inc
EIN: 721287532 · Shreveport, LA · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $246K |
| Total Expenses | $60K |
| Net Assets | $-53,318 |
Is Rho Omega And Friends Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rho Omega And Friends Inc
Rho Omega And Friends Inc (EIN: 721287532) is a nonprofit organization based in Shreveport, LA, classified under NTEE code P50. The organization reported total revenue of $246K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rho Omega And Friends Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rho Omega And Friends Inc is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $328K |
| Total Expenses | $60K |
| Surplus / Deficit | +$268K |
| Total Assets | $71K |
| Total Liabilities | $124K |
| Net Assets | $-53,318 |
| Operating Margin | 81.6% |
| Debt-to-Asset Ratio | 175.0% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Rho Omega And Friends Inc reported a surplus of $268K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 175.0% (high leverage).
Financial Trends
Over 10 years of filings (2010–2023), Rho Omega And Friends Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | -81.1% | +196.5% |
| 2022 | +4684.7% | +244.3% | -48.3% |
| 2021 | -90.7% | +85.9% | -67.6% |
| 2020 | -71.1% | -76.5% | +333.4% |
| 2018 | +0.3% | +12.1% | +20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rho Omega And Friends 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 Rho Omega And Friends 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $268K, with revenue exceeding expenses.
- Debt-to-asset ratio: 175.0%.
Frequently Asked Questions about Rho Omega And Friends Inc
Is Rho Omega And Friends Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rho Omega And Friends Inc (EIN: 721287532) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rho Omega And Friends Inc spend its money?
Detailed spending breakdown data is not yet available for Rho Omega And Friends Inc. Check back for updated IRS 990 analysis.
Are donations to Rho Omega And Friends Inc tax-deductible?
Rho Omega And Friends Inc is registered as a tax-exempt nonprofit (EIN: 721287532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rho Omega And Friends Inc located?
Rho Omega And Friends Inc is headquartered in Shreveport, Louisiana and files with the IRS under EIN 721287532. It is classified under NTEE code P50.
How many years of IRS 990 filings does Rho Omega And Friends Inc have?
Rho Omega And Friends Inc has 10 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 $246K in total revenue.
Filing History
IRS 990 filing history for Rho Omega And Friends Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), Rho Omega And Friends Inc's revenue has grown by 346.9%, moving from $73K to $328K. Total assets increased by 230.4% over the same period, from $22K to $71K. Total functional expenses fell by 49.4%, from $119K to $60K. In its most recent filing year (2023), Rho Omega And Friends Inc reported a surplus of $268K, with revenue exceeding expenses. The organization holds $124K in liabilities against $71K in assets (debt-to-asset ratio: 175.0%), resulting in net assets of $-53,318.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $328K | $60K | $71K | $124K | — | — |
| 2022 | $291K | $318K | $24K | $125K | — | View 990 |
| 2021 | $6K | $93K | $46K | $119K | — | View 990 |
| 2020 | $65K | $50K | $143K | $98K | — | — |
| 2018 | $226K | $211K | $33K | $0 | — | View 990 |
| 2017 | $226K | $189K | $27K | $0 | — | View 990 |
| 2012 | $194K | $172K | $44K | $0 | — | View 990 |
| 2012 | $161K | $182K | $22K | $0 | — | — |
| 2011 | $161K | $182K | $22K | $0 | — | — |
| 2010 | $73K | $119K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $328K, expenses of $60K, and assets of $71K (revenue +12.9% year-over-year).
- 2022: Revenue of $291K, expenses of $318K, and assets of $24K (revenue +4684.7% year-over-year).
- 2021: Revenue of $6K, expenses of $93K, and assets of $46K (revenue -90.7% year-over-year).
- 2020: Revenue of $65K, expenses of $50K, and assets of $143K (revenue -71.1% year-over-year).
- 2018: Revenue of $226K, expenses of $211K, and assets of $33K (revenue +0.3% year-over-year).
- 2017: Revenue of $226K, expenses of $189K, and assets of $27K (revenue +16.3% year-over-year).
- 2012: Revenue of $194K, expenses of $172K, and assets of $44K (revenue +20.4% year-over-year).
- 2012: Revenue of $161K, expenses of $182K, and assets of $22K (revenue +0.0% year-over-year).
- 2011: Revenue of $161K, expenses of $182K, and assets of $22K (revenue +119.2% year-over-year).
- 2010: Revenue of $73K, expenses of $119K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rho Omega And Friends Inc:
Data Sources and Methodology
This transparency report for Rho Omega And Friends 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.