Karma Junction Inc

Analysis

Karma Junction Inc is a registered charity in United States, based in Franklin Park, NJ. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Karma Junction Inc reported income of $64k and spending of $60k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $64k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karma Junction Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include New Life Shelter Inc ($64k), Gods Hands at Work ($64k) and Thayne Community Food Bank ($64k).

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 $37k against liabilities of $0, net assets of $37k.