Omek Foundatioin

Analysis

Omek Foundatioin is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Omek Foundatioin reported income of $117k and spending of $84k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $44k to $117k (+162%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Omek Foundatioin sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Keller High School Cheerleaders ($117k), Chapoquoit Yacht Club Inc ($117k) and Laurel Oak Elementary PTO ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. At year end it held assets of $75k against liabilities of $3,367, net assets of $71k.