Ohm

Analysis

Ohm is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ohm reported income of $3.6m and spending of $3.9m, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.5m to $3.6m (+1.6%), an average of +1.6% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohm sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Yeshiva Ohavei Torah Riverdale Inc ($3.6m), Wills Eye Foundation Inc ($3.6m) and Teachers Development Group ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $118k (3.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.7m against liabilities of $4.8m, net assets of -$161k. It reported 71 employees.