Karina Association Inc

Analysis

Karina Association Inc is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Karina Association Inc reported income of $601k and spending of $627k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $257k to $601k (+134%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Karina Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Project on Middle East Democracy Inc ($600k), Ark Childrens Homes ($601k) and Israel Initiative 2020 Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $116k (18% of expenses). Other salaries and wages came to $285k. At year end it held assets of $505k against liabilities of $121k, net assets of $384k. It reported 10 employees.