Kusalakari Corp

Analysis

Kusalakari Corp is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kusalakari Corp reported income of $212k and spending of $176k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $212k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kusalakari Corp sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Solid Rock Baptist Church ($212k), Boston Grace Presbyterian Church Inc ($212k) and Kavod Vnichum ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $760k against liabilities of $0, net assets of $760k.