Karuna-Shechen USA

Analysis

Karuna-Shechen USA is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Karuna-Shechen USA reported income of $520k and spending of $564k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $611k to $520k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 139% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Karuna-Shechen USA 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 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Earth & Sky Inc ($520k), Map Global Inc ($521k) and Charity for Change Inc ($520k).

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 $864k against liabilities of $28k, net assets of $835k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.