Khud Initiative Inc

Analysis

Khud Initiative Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2018, 8 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, Khud Initiative Inc reported income of $140k and spending of $139k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $140k (+238%), an average of +238% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Khud Initiative Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Pure Life Alliance ($140k), Mesquite Works Inc ($140k) and Riverside Police Officers Association Assistance Fund ($140k).

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 $1 against liabilities of $49k, net assets of -$49k.