Karin Foundation

Analysis

Karin Foundation is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in October 2014, 12 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, Karin Foundation reported income of $87k and spending of $91k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $137k to $87k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 322%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Karin Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Restoration International Ministries ($87k), Merciful Souls Inc ($87k) and Evons Hope ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,361 against liabilities of $39k, net assets of -$31k.