Om Foundation Inc

Analysis

Om Foundation Inc is a registered charity in United States, based in Monroe TWP, NJ. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 $73k and spending of $57k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $101k to $73k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Om Foundation Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Hero Academy CR Inc ($73k), Culinary Arts Kids Eat ($73k) and Margaret Okari Childrens Foundation ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.