Kara

Analysis

Kara is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 1977, 49 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, Kara reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+22%), an average of +5.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kara sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Gleif Americas a New Jersey Nonprofit Corporation ($1.8m), California State University ($1.8m) and Greater Bridgeport Jewish Housing Corp ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $186k (10% of expenses). Other salaries and wages came to $923k. At year end it held assets of $1.9m against liabilities of $115k, net assets of $1.8m. It reported 23 employees.