Karmi Ministries

Analysis

Karmi Ministries is a registered charity in United States, based in Cedar Hill, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Karmi Ministries reported income of $250k and spending of $328k, spending 131% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $281k to $250k (-11%), an average of -11% a year. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Karmi Ministries sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include The Chapel of the Good Shepard Foundation Inc ($250k), Guru Nanak Sikh Society ($250k) and Catch the Vision International ($250k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.