Mahakaruna Foundation

Analysis

Mahakaruna Foundation is a registered charity in United States, based in Cazadero, CA. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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, Mahakaruna Foundation reported income of $95k and spending of $258k, spending 273% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $95k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 156% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mahakaruna Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include American Planning Association ($95k), Sheboygan Service Foundation Inc ($95k) and PTA Pennsylvania Congress ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $268k against liabilities of $25k, net assets of $243k.