Karma Junction Inc
- Assets
- $41.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin Park, NJ
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-3386954
Organization Overview
Karma Junction Inc is located in Franklin Park, NJ. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karma Junction Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Karma Junction Inc generated $56.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $44.7k during the year ending 12/2021. While expenses have increased by 20.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DURING THE YEAR, KARMA JUNCTION PROVIDED WHEELCHAIRS, FOOD, SANITARY NAPKINS, SCHOOL GATES, A WATER WELL, AND PAID FOR HOSPITAL FEES TO ASSIST UNDERPRIVILEGED COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manisha Patel Director | 1 | $0 | |
Amit Joshi Director | 1 | $0 | |
Amish Jhaveri Director | 1 | $0 | |
Bijal Jhaveri Director | 1 | $0 | |
Shiwani Joshi Director | 1 | $0 | |
Prashant Patel Founder | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,400 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,400 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $598 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $246 |
| Other expenses | $559 |
| Total expenses | $44,744 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,519 |
| Other assets | $0 |
| Total assets | $41,519 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,519 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Karma Junction Inc has recieved totaling $198.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $198 |
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|---|---|---|
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Doctors Of The World-Usa Inc New York, NY | $5,138,998 | $8,908,023 |
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Wayne County Action Program Inc Lyons, NY | $3,537,821 | $9,071,492 |
Opportunities For Otsego Inc Oneonta, NY | $3,078,713 | $8,326,679 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Circle Of Care For Families And Children Of Passaic County Inc Woodland Park, NJ | $3,622,705 | $9,164,906 |
Lifeworks Community Action Inc Ballston Spa, NY | $2,628,001 | $8,482,858 |