Konkani Charitable Fund Inc

Analysis

Konkani Charitable Fund Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in September 2009, 17 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, Konkani Charitable Fund Inc reported income of $308k and spending of $235k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $308k (+0.2%), an average of +0.0% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Konkani Charitable Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Arbor Court Inc ($308k), Community Grief Support Service ($308k) and Reveille Foundation ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.