Karat Place Inc

Analysis

Karat Place Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Karat Place Inc reported income of $146k and spending of $146k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $152k to $146k (-3.8%), an average of -1.0% a year. Over the whole period it spent 105% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Karat Place Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Wisconsin Justice Initiative Inc ($146k), Louisana Fraternal Order of Police Foundation ($146k) and Love in Action Transitional Housing Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $68k. At year end it held assets of $80k against liabilities of $5,344, net assets of $75k. It reported 3 employees.