Karuna Charities Washington Inc

Analysis

Karuna Charities Washington Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Karuna Charities Washington Inc reported income of $54k and spending of $26k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $54k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 60% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Karuna Charities Washington Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Earth Constitution Institute ($54k), Metro Infanta Foundation Inc ($54k) and Gandhighar Kachholi Incorporated ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 159% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.