Karens Hope Inc

Analysis

Karens Hope Inc is a registered charity in United States, based in Seaford, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Karens Hope Inc reported income of $88k and spending of $93k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $88k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Karens Hope Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Resource Foundation for Jasper County ($88k), Bend Waves WPC Inc ($88k) and Haitian Studies Association Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 34% of the total. At year end it held assets of $759k against liabilities of $349k, net assets of $410k.