Kamla for Hope

Analysis

Kamla for Hope is a registered charity in United States, based in Cerritos, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Kamla for Hope reported income of $80k and spending of $70k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,726 to $80k (+936%), an average of +936% a year. The sharpest change came in the year to December 2023, when income rose by 936%. Over the whole period it spent 187% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kamla for Hope sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Hudson Strong Foundation ($80k), Lester Silliman Trust ($80k) and Local 317 Teamsters Care ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.