Upsilon Omega Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Provide opportunities for youth to succeed, by offering leadership and providing mentoring to the youth, showing leadership in the community, providing access to today's leaders, showing that we care about tomorrow's leaders, gathering wisdom from those leaders of yesterday who are willing to share the knowledge and wisdom learned from their journey through life.
- Income
- $120,876
- Spending
- $129,710
- Spent on programs
- 62%
- Reserves
- -12.8 months of spending
- Largest source of income
- donations and private grants, 60%
- Employees
- 2
- Volunteers
- 40
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 27 out of 100. Higher than 5% of charities in its peer group (education, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 66% of what it owns.
Living within its means
4 of 15Spending exceeded income by 7% of income.
Income trend
10 of 15Income fell 6% on the year before.
Spending floor
8 of 1562% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 92% of charities in its peer group (education, under $250k).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $33,103 spent. Raise funds to provide educational scholarships to college bound high school seniors. We awarded thirty scholarships to qualified youth during the fiscal year ended October 31, 2024. We awarded twenty-five scholarships to qualified youths during the fiscal year ended October 31, 2023.
- $47,169 spent. Our organization provides a place where different community-based organizations / action groups can meet to discuss and plan activities that directly or indirectly impact their community. We provide a location for inner city low income residents to receive health services and screening. We open our center for the community to receive free tax assistance from federal volunteer income tax assistance programs. During the fiscal year ended October 31, 2024, we serviced close to 23,000 residents at our community center.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on March 15, 2015 for not filing returns for three years, and reinstated on March 15, 2015.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending October 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2016.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.