Kara Lota Foundation Inc

Analysis

Kara Lota Foundation Inc is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in June 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, Kara Lota Foundation Inc reported income of $227k and spending of $211k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $338k to $227k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kara Lota Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Kettering Backpack Inc ($226k), Central Cares Inc ($227k) and Donahoe Center ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.