Karis Project

Analysis

Karis Project is a registered charity in United States, based in Weyers Cave, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Karis Project reported income of $172k and spending of $152k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $172k (+54%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Karis Project sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Nia Community Development Corporation of Greater Richmond ($172k), Rebuilding Together Aurora Inc ($173k) and Mae Organization Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $90k against liabilities of $2,254, net assets of $88k.