Karma Box Project

Analysis

Karma Box Project is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in April 2023, 3 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, Karma Box Project reported income of $745k and spending of $858k, spending 115% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karma Box Project sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within NV. Charities of a similar size with the same main cause include Whamnow Inc ($745k), Centro de Cuidado Diurno Mundo Infantl Inc ($745k) and Bright Beginnings Learning Academy ($745k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (12% of expenses). Other salaries and wages came to $486k. At year end it held assets of $210k against liabilities of $59k, net assets of $151k. It reported 32 employees.