Movikarma

Analysis

Movikarma is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Movikarma reported income of $69k and spending of $36k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $69k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Movikarma sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include William W Ziskin BRTC Scholarship Foundation Inc ($69k), Scottish Cultural Outreach Foundation ($69k) and Pan Icarian Brotherhood of New York Inc ($69k).

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 $31k against liabilities of $2,049, net assets of $29k.