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Karya Kares FY2021 filing

Tax-deductible

Houston, TX501(c)(3)International EIN 83-2102555Revenue $339K in FY2021

On file with the IRSkaryakares.org8901 Gaylord Dr Ste 100, 77024-3042 · Houston, TXTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To provide educational, health and basic housing assistance to under priviledged individuals.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $7.5M a year · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $152
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$87K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$339K
-55% vs prior year
Spent
$481K
To programs
96%
Net assets
$89K
By yearFY2020–FY2024
Revenue
$339K
FY2021▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$750K
FY2021$339K
FY2022$658K
FY2023$141K
FY2024−$35.7M
Expenses
$481K
FY2021▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$861K
FY2021$481K
FY2022$760K
FY2023$445K
FY2024$1.1M
Net assets
$89K
FY2021▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2020$227K
FY2021$89K
FY2022−$13K
FY2023−$318K
FY2024−$37.1M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $460K Management & general 4% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vivek Shah
Director
$0Pt VII · Sec A
See Karya Kares executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers education, health, and housing aid to those in need.

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Provided by the organization

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1 program · $460K · in their own filed words · FY2021
01

Karya kares is a unique organization involved to provide basic healthcare, education, housing and other community services to under priviledged individuals of the society.

$460Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$152
Total grants receivedfrom 1 funder$152
Grants paid · 1 grant · $585K · 2022–2022
Unitemized GrantFY2022$585,190

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$339K
Ln 12
Gifts and grantsLn 1h$339K
Money outPt IX
$481K
Ln 25
Programscol B$460K
Managementcol C$21K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$176K
LiabilitiesLn 26$87K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$339K
Total revenueLn 12$339K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$64K
Total assetsLn 16$176K
LiabilitiesLn 26$87K
Net assetsLn 32$89K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$275K$68K
Land, buildings, equipmentLn 10c$64K
Total assetsLn 16$292K$176K
LiabilitiesLn 26$65K$87K
Net assetsLn 32$227K$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$324K$324K
Grants and assistance to foreign recipientsLn 3$35K$35K
Other salaries and wagesLn 7$8K$7K$1K
Legal feesLn 11b$188$188
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$33K$33K
Advertising and promotionLn 12$47K$37K$10K
Office expensesLn 13$2K$2K
Information technologyLn 14$1K$100$1K
TravelLn 17$281$281
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$17K$15K$1K
Total functional expensesLn 25$481K$460K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$35.7M$1.1M−$36.8M−$37.1M 990 PDF
FY2023 $141K$445K−$304K−$318K 990 PDF
FY2022 $658K$760K−$102K−$13K 990 PDF
FY2021 Viewing $339K$481K−$141K$89K 990 PDF
FY2020 $750K$861K−$112K$227K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $339,493 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $749,643$339,493
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $749,643$339,493
I-13 Grants and similar amounts paidPrior year $829,637$359,424
I-14 Benefits paid to members$0
I-15 Salaries and benefits$7,996
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $31,537$113,241
I-18 Total expensesPrior year $861,174$480,661
I-19 Revenue less expensesPrior year −$111,531−$141,168
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $339,493 across 3 lines filed
VIII-1f All other contributions, gifts and grants$339,493
VIII-1h Total contributions, gifts and grants$339,493
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$339,493
Part IX · Statement of functional expenses $480,661 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $323,969$323,969
IX-3 Grants and assistance to foreign recipientsPrograms $35,455$35,455
IX-7 Other salaries and wagesPrograms $6,589 · Management $1,407$7,996
IX-11b Legal feesManagement $188$188
IX-11c Accounting feesManagement $7,000$7,000
IX-11g Other fees for servicesPrograms $32,787$32,787
IX-12 Advertising and promotionPrograms $36,682 · Management $9,858$46,540
IX-13 Office expensesPrograms $1,795$1,795
IX-14 Information technologyPrograms $100 · Management $1,085$1,185
IX-17 TravelPrograms $281$281
IX-22 Depreciation, depletion and amortizationPrograms $3,974$3,974
IX-23 InsurancePrograms $2,637$2,637
IX-24 Other expenses (24a–d)Programs $15,372 · Management $1,482$16,854
IX-25 Total functional expensesPrograms $459,641 · Management $21,020 · Fundraising $0$480,661
Part X · Balance sheet $175,920 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $275,408$68,122
X-4 Accounts receivableStart of year $16,853$38,743
X-9 Prepaid expenses and deferred charges$4,583
X-10c Land, buildings and equipment, net$64,472
X-16 Total assetsStart of year $292,261$175,920
X-17 Accounts payable and accrued expensesStart of year $65,085$3,500
X-25 Other liabilities$83,912
X-26 Total liabilitiesStart of year $65,085$87,412
X-27 Net assets without donor restrictionsStart of year $227,176$88,508
X-32 Total net assets or fund balancesStart of year $227,176$88,508
X-33 Total liabilities and net assetsStart of year $292,261$175,920
Part XI · Reconciliation of net assets $88,508 net assets at year end
XI-1 Total revenue$339,493
XI-2 Total expenses$480,661
XI-3 Revenue less expenses−$141,168
XI-4 Net assets at start of year$227,176
XI-8 Prior period adjustments$2,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,508

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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