Karamsar Inc

Analysis

Karamsar Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Karamsar Inc reported income of $193k and spending of $128k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $193k (+181%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Karamsar Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Cool Kids Ministries Inc ($193k), Rooted Oaks International ($193k) and Wesley Putnam Ministries ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $24k (19% of expenses). At year end it held assets of $579k against liabilities of $597, net assets of $578k.