Karsh Family Social Service Center Inc

Analysis

Karsh Family Social Service Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2019, 7 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 August 2023, Karsh Family Social Service Center Inc reported income of $4.0m and spending of $2.9m, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $427k to $4.0m (+832%), an average of +75% a year. The sharpest change came in the year to August 2020, when income rose by 1421%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karsh Family Social Service Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Valley Teen Ranch ($4.0m), East End Cooperative Ministry ($4.0m) and The Scandinavian Charitable Society of Greater Boston Inc ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $199k (6.9% of expenses). Other salaries and wages came to $679k. At year end it held assets of $10.5m against liabilities of $122k, net assets of $10.4m. It reported 20 employees.