Oraysa Inc

Analysis

Oraysa Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in May 2021, 5 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, Oraysa Inc reported income of $1.9m and spending of $2.4m, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $986k to $1.9m (+95%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oraysa Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Harbour School Foundation Inc ($1.9m), Louisville Winston Educational Foundation Inc ($1.9m) and Chesterton Academy of the Holy Family NFP Incorporated ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (0.8% of expenses). Other salaries and wages came to $292k. At year end it held assets of $118k against liabilities of $467k, net assets of -$349k. It reported 7 employees.