Omprakash Inc

Analysis

Omprakash Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Omprakash Inc reported income of $4.6m and spending of $4.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.6m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Omprakash 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 93rd percentile within WA. Charities of a similar size with the same main cause include Sprouts Healthy Communities Foundation ($4.6m), Fox Performing Arts Charitable Foundation ($4.6m) and Volosov Family Foundation ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $72k (1.5% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 2 employees.