Karamu Nutrition Program

Analysis

Karamu Nutrition Program is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Karamu Nutrition Program reported income of $7.9m and spending of $7.9m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.5m to $7.9m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to September 2020, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karamu Nutrition Program sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Faithbridge Foster Care Inc ($7.9m), Mapleton Community Home ($7.9m) and Katy Christian Ministries ($7.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $212k (2.7% of expenses). Other salaries and wages came to $290k. At year end it held assets of $1.1m against liabilities of $824k, net assets of $319k. It reported 12 employees.