Karl Potach Foundation

Analysis

Karl Potach Foundation is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Karl Potach Foundation reported income of $99k and spending of $97k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $99k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Karl Potach Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include The Glaucoma Education & Research Fund Inc ($99k), Reins of Hope Therapeutic ($99k) and My Autism Connection Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.