Karidat

Analysis

Karidat is a registered charity in United States, based in Saipan, MP. It received its IRS tax-exemption ruling in July 2015, 11 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 September 2023, Karidat reported income of $1.5m and spending of $2.1m, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.7m to $1.5m (-14%), an average of -3.8% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karidat sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 95th percentile within MP. Charities of a similar size with the same main cause include Berkeley Food Network ($1.5m), Vintage ($1.5m) and Transgender Advocates Knowledgeable Empowering ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $642k. At year end it held assets of $825k against liabilities of $73k, net assets of $753k. It reported 22 employees.