Ohr Somayach International Inc

Analysis

Ohr Somayach International Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohr Somayach International Inc reported income of $5.4m and spending of $4.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ohr Somayach International Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Hispanic American Council Incorporated ($5.4m), People Services Inc ($5.4m) and North Carolina School of Science & Mathematics Foundation ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $88k (1.8% of expenses). Other salaries and wages came to $514k. At year end it held assets of $581k against liabilities of $104k, net assets of $477k. It reported 23 employees.