Karya Kares

Analysis

Karya Kares is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Karya Kares reported income of $658k and spending of $760k, spending 115% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $355k to $658k (+86%), an average of +17% a year. The sharpest change came in the year to December 2019, when income rose by 188%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Karya Kares sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Himalayan Youth Foundation Inc ($657k), International Orphan Care ($658k) and Faith in Deeds Inc ($657k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $118k against liabilities of $131k, net assets of -$13k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.