Khalsa Care Foundation

Analysis

Khalsa Care Foundation is a registered charity in United States, based in Pacoima, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Khalsa Care Foundation reported income of $1.0m and spending of $791k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $1.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Khalsa Care Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Serving Leaders Ministries Inc ($1.0m), Hope of All Nations ($1.0m) and American Friends of Jewish Statemanship Center Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $148k. At year end it held assets of $2.8m against liabilities of $1.4m, net assets of $1.5m.