Omkaar Inc
EIN: 260742813 · Fort Wayne, IN · NTEE: X70
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $165K |
| Net Assets | $1.3M |
Is Omkaar Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Omkaar Inc
Omkaar Inc (EIN: 260742813) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code X70. The organization reported total revenue of $244K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omkaar Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omkaar Inc is a small nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $165K |
| Surplus / Deficit | $-47,239 |
| Total Assets | $3.2M |
| Total Liabilities | $1.9M |
| Net Assets | $1.3M |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 59.9% |
| Months of Reserves | 233.7 months |
Financial Health Grade: C
In 2023, Omkaar Inc reported a deficit of $47K with expenses exceeding revenue, holds 233.7 months of operating reserves (strong position), has a debt-to-asset ratio of 59.9% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Omkaar Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.9% | +72.6% | +3.7% |
| 2022 | -33.8% | -48.6% | +1.4% |
| 2021 | +78.6% | +67.1% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Omkaar Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Omkaar Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.9%.
Frequently Asked Questions about Omkaar Inc
Is Omkaar Inc a legitimate charity?
Omkaar Inc (EIN: 260742813) is a registered tax-exempt nonprofit based in Indiana. It has 4 years of IRS 990 filings on record. Total revenue: $244K. No red flags identified. Financial health grade: C.
How does Omkaar Inc spend its money?
Omkaar Inc reported $244K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Omkaar Inc tax-deductible?
Omkaar Inc is registered as a tax-exempt nonprofit (EIN: 260742813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Omkaar Inc located?
Omkaar Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 260742813. It is classified under NTEE code X70.
How many years of IRS 990 filings does Omkaar Inc have?
Omkaar Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $244K in total revenue.
Filing History
IRS 990 filing history for Omkaar Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Omkaar Inc's revenue has declined by 20.7%, moving from $148K to $117K. Total assets increased by 26% over the same period, from $2.5M to $3.2M. Total functional expenses rose by 48.4%, from $111K to $165K. In its most recent filing year (2023), Omkaar Inc reported a deficit of $47K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $3.2M in assets (debt-to-asset ratio: 59.9%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $165K | $3.2M | $1.9M | — | — |
| 2022 | $175K | $95K | $3.1M | $1.8M | — | View 990 |
| 2021 | $264K | $185K | $3.0M | $1.8M | — | View 990 |
| 2020 | $148K | $111K | $2.5M | $1.3M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $165K, and assets of $3.2M (revenue -32.9% year-over-year).
- 2022: Revenue of $175K, expenses of $95K, and assets of $3.1M (revenue -33.8% year-over-year).
- 2021: Revenue of $264K, expenses of $185K, and assets of $3.0M (revenue +78.6% year-over-year).
- 2020: Revenue of $148K, expenses of $111K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omkaar Inc:
Data Sources and Methodology
This transparency report for Omkaar Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.