Krismark Corporation

Analysis

Krismark Corporation is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Krismark Corporation reported income of $2.4m and spending of $2.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Krismark Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association Corsicana ($2.4m), Dream Institute Inc ($2.4m) and Association of Gospel Rescue Missions ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $526k (23% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $639k against liabilities of $405k, net assets of $233k. It reported 45 employees.