Karma House Inc

Analysis

Karma House Inc is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Karma House Inc reported income of $890k and spending of $727k, spending 82% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $590k to $890k (+51%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Karma House Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Asphalt Institute Foundation Inc ($890k), Iwikua ($891k) and Community Workshop Resources Corp ($890k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 135% of the total. Other salaries and wages came to $408k. At year end it held assets of $143k against liabilities of $0, net assets of $143k.