Om Foundationinc

Charity Navigator Rating: One-Star out of Four Stars (50%)

The Om Foundationinc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 50%, the organization lacks independent board members, which can raise questions about governance and oversight. Additionally, the absence of critical financial documentation and policies, such as a conflict of interest policy and whistleblower policy, further highlights the potential risks associated with its operations.

Despite these issues, the foundation shows some positive performance in its financial ratios, notably a program expense ratio of 70%, suggesting that a substantial portion of its expenditures goes directly to programs. This is a strength that may indicate a commitment to its charitable mission. However, the lack of transparency in financial reporting and governance practices overshadows these positives.

The absence of crucial documents on its website, including tax forms and board meeting minutes, alongside a liability to assets ratio of just 6.66%, suggests potential financial vulnerabilities. Overall, prospective donors and stakeholders may wish to approach this organization with caution due to the highlighted accountability concerns and missing governance frameworks.

This AI summary has been generated from information found on Charity Navigator.

Om Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Om Foundationinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,222

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