Karisma Inc

Analysis

Karisma Inc is a registered charity in United States, based in Midland, GA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Karisma Inc reported income of $162k and spending of $167k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $162k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Karisma Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include West Tisbury Library Foundation Inc ($162k), Heroes in Waiting Inc ($162k) and South High Spartan Band Boosters ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1,106 against liabilities of $0, net assets of $1,106.