Sankara Nethralaya Om Trust Inc

Analysis

Sankara Nethralaya Om Trust Inc is a registered charity in United States, based in Derwood, MD. It received its IRS tax-exemption ruling in November 1988, 38 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, Sankara Nethralaya Om Trust Inc reported income of $1.4m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sankara Nethralaya Om Trust Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Chi Montessori Academy Inc ($1.4m), National Council of Supervisors of Mathematics ($1.4m) and Encompass Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. It paid $61k in professional fundraising fees. At year end it held assets of $352k against liabilities of $19k, net assets of $333k.