Om Foundation Inc

Analysis

Om Foundation Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in March 2010, 16 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, Om Foundation Inc reported income of $410k and spending of $140k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $410k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Om Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Majesty Foundation ($410k), Launch Ministries Inc ($410k) and The Water Hole ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.0m against liabilities of $112k, net assets of $1.9m. It reported 2 employees.