Omkaar Inc

Analysis

Omkaar Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Omkaar Inc reported income of $117k and spending of $165k, spending 140% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $148k to $117k (-21%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Omkaar Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within IN. Charities of a similar size with the same main cause include Baltimore Sikh Society Inc ($117k), Heart Transformation ($117k) and Lost and Found Ministries ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $3.2m against liabilities of $1.9m, net assets of $1.3m. It reported 2 employees.