Omega Bible Institute & Seminary
501(c)(3) Donations tax-deductible
Only null% goes to programs Thin reserves Declining revenue
Omega Bible Institute & Seminary is a 501(c)(3) organization based in Swartz, Louisiana, registered in 1993, with $47,814 in FY2024 revenue. CharityIndex grades it C.
Po Box 70, Swartz, LA, 71281 EIN 72-1298218 Since 1993
Revenue (FY2024)
$48K
▲ 0.1% vs prior year
Expenses (FY2024)
$47K
Net assets
$3,456
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Omega Bible Institute & Seminary— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Omega Bible Institute & Seminary: 1 mo reserves · +2% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Omega Bible Institute & Seminary— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Omega Bible Institute & Seminary: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $73K (FY2011) to $48K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $688Net assets $3,456
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4,144
Total liabilities
$688
Net assets
$3,456
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $47,814▲0.1% | $46,794▼14.9% | $3,456▲41.9% | $4,144▲30.7% | 990EZ |
| 2023 | $47,774▼7.9% | $54,977▲9.2% | $2,436▼74.7% | $3,171▼72.6% | 990EZ |
| 2022 | $51,889▼8.6% | $50,346▼11.1% | $9,639▲19.1% | $11,562▲38.9% | 990EZ |
| 2021 | $56,797▼2.3% | $56,644▲8.5% | $8,096▲1.9% | $8,321▲2.1% | 990EZ |
| 2020 | $58,138▲15.4% | $52,196▲4.0% | $7,943▲297% | $8,152▲278% | 990EZ |
| 2019 | $50,392▼6.6% | $50,179▼18.1% | $2,001▲11.9% | $2,156▲5.9% | 990EZ |
| 2018 | $53,954▲17.8% | $61,267▲26.9% | $1,788▼80.4% | $2,036▼80.4% | 990EZ |
| 2017 | $45,797▲16.8% | $48,272▲59.4% | $9,101▼21.4% | $10,410▼12.2% | 990EZ |
| 2016 | $39,200▼5.2% | $30,278▼26.3% | $11,576▲336% | $11,859▲287% | 990EZ |
| 2015 | $41,340▼8.4% | $41,061▼15.1% | $2,654▲11.7% | $3,065▼9.7% | 990EZ |
| 2014 | $45,123▼29.1% | $48,364▼22.0% | $2,375▼57.7% | $3,395▼40.6% | 990EZ |
| 2013 | $63,666▼40.0% | $62,028▼40.6% | $5,616▲41.2% | $5,715▼6.3% | 990EZ |
| 2012 | $106,184▲46.2% | $104,396▲40.7% | $3,978▲81.6% | $6,097▲58.1% | 990EZ |
| 2011 | $72,630 | $74,210 | $2,190 | $3,857 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Omega Bible Institute & Seminary a legitimate nonprofit?
- Yes. Omega Bible Institute & Seminary is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-1298218, based in Swartz, Louisiana. Donations are tax-deductible.
- What is Omega Bible Institute & Seminary's EIN?
- Omega Bible Institute & Seminary's Employer Identification Number (EIN) is 72-1298218.
- How much revenue does Omega Bible Institute & Seminary report?
- Omega Bible Institute & Seminary reported $47,814 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Omega Bible Institute & Seminary have?
- CharityIndex grades Omega Bible Institute & Seminary C, based on financial health (reserves and operating margin).
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Data for Omega Bible Institute & Seminary (EIN 72-1298218) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.