Karuna USA Inc

Analysis

Karuna USA Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2024, Karuna USA Inc reported income of $197k and spending of $201k, spending 102% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $178k to $197k (+11%), an average of +10% a year. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Karuna USA Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Ban Tay Nhan Ai ($197k), Integrative Strategies Forum Inc ($197k) and Grigor Gevorgyan Foundation ($197k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.