Friends of Karen Inc

Analysis

Friends of Karen Inc is a registered charity in United States, based in North Salem, NY. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2024, Friends of Karen Inc reported income of $3.7m and spending of $4.5m, spending 121% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $3.8m to $3.7m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to March 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Karen Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include The Leonard and Madlyn Abramson Family Cancer Research Institute ($3.7m), St Joseph Regional Health Partners Aco ($3.7m) and Life Sciences Trainers & Educators ($3.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $332k (7.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.7m against liabilities of $144k, net assets of $5.5m. It reported 31 employees.