Al Karim Foundation

Analysis

Al Karim Foundation is a registered charity in United States, based in Bloomingdale, IL. It received its IRS tax-exemption ruling in March 2020, 6 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, Al Karim Foundation reported income of $62k and spending of $39k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $62k (+13%), an average of +13% a year. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Al Karim Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Simi Valley Cultural Arts Center Foundation ($62k), Knox County Life Enrichment Foundation Inc ($62k) and One with the Ocean ($62k).

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 $98k against liabilities of $0, net assets of $98k.