Rho Omicron Foundation
EIN: 812881220 · Lafayette, LA · NTEE: B19
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $98K |
| Net Assets | $79K |
Is Rho Omicron Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rho Omicron Foundation
Rho Omicron Foundation (EIN: 812881220) is a nonprofit organization based in Lafayette, LA, classified under NTEE code B19. The organization reported total revenue of $248K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rho Omicron Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rho Omicron Foundation is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $98K |
| Surplus / Deficit | $-2,998 |
| Total Assets | $79K |
| Net Assets | $79K |
| Operating Margin | -3.1% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2023, Rho Omicron Foundation reported a deficit of $3K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +288.5% | -3.6% |
| 2022 | +119.7% | -12.4% | +436.8% |
| 2021 | -38.0% | -44.6% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rho Omicron Foundation 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 Omicron Foundation 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 deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Rho Omicron Foundation
Is Rho Omicron Foundation a legitimate charity?
Rho Omicron Foundation (EIN: 812881220) is a registered tax-exempt nonprofit based in Louisiana. It has 5 years of IRS 990 filings on record. Total revenue: $248K. No red flags identified. Financial health grade: B.
How does Rho Omicron Foundation spend its money?
Rho Omicron Foundation reported $248K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rho Omicron Foundation tax-deductible?
Rho Omicron Foundation is registered as a tax-exempt nonprofit (EIN: 812881220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rho Omicron Foundation located?
Rho Omicron Foundation is headquartered in Lafayette, Louisiana and files with the IRS under EIN 812881220. It is classified under NTEE code B19.
How many years of IRS 990 filings does Rho Omicron Foundation have?
Rho Omicron Foundation has 5 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 $248K in total revenue.
Filing History
IRS 990 filing history for Rho Omicron Foundation showing financial trends over 5 years of public records:
In its most recent filing year (2023), Rho Omicron Foundation reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $98K | $79K | $0 | — | View 990 |
| 2022 | $92K | $25K | $82K | $0 | — | View 990 |
| 2021 | $42K | $29K | $15K | $0 | — | View 990 |
| 2019 | $68K | $52K | $16K | $0 | — | View 990 |
| 2016 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $98K, and assets of $79K (revenue +3.1% year-over-year).
- 2022: Revenue of $92K, expenses of $25K, and assets of $82K (revenue +119.7% year-over-year).
- 2021: Revenue of $42K, expenses of $29K, and assets of $15K (revenue -38.0% year-over-year).
- 2019: Revenue of $68K, expenses of $52K, and assets of $16K.
- 2016: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rho Omicron Foundation:
Data Sources and Methodology
This transparency report for Rho Omicron Foundation 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.