Karuna Happiness Foundation Inc

Analysis

Karuna Happiness Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2021, 5 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, Karuna Happiness Foundation Inc reported income of $150k and spending of $53k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $150k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karuna Happiness Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Washington Helps Its People Whip ($150k), Athens Limestone Association for Retarded Citizens Inc ($150k) and Ardmore Family Literacy Inc ($150k).

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 $430k against liabilities of $0, net assets of $430k.