Nonprofit · EIN 87-2033348
KARUNA USA INC
Tax-exempt · BROOKLYN, NY 11231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990-EZ | $23,641 | $22,373 | $1,268 | $11,867 | – | $11,867 |
| March 31, 2025 | 990-EZ | $122,535 | $123,435 | -$900 | $10,599 | $0 | $10,599 |
| March 31, 2024 | 990-EZ (amended) | $196,846 | $200,849 | -$4,003 | $11,499 | $0 | $11,499 |
Financial details: 990-EZ for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $23,641
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $16,155
- Salaries, compensation and benefits (total)
- $16,155
- Other expenses
- $1,218
- Program services (functional)
- $9,100
Balance sheet and other
- Total assets, start of year
- $10,599
- Total assets, end of year
- $11,867
- Total liabilities, end of year
- –
- Net assets, end of year
- $11,867
- Cash, savings and investments
- $11,867
- Gross receipts
- $23,641
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jarrod Lovett | Chief Executive Officer | 5 | $16,155 |
| Maryellen Burke | President | 1 | $0 |
| Max Gaston | Treasurer and Secretary | 1 | $0 |
| Haresh Dalvi | Director | 1 | $0 |
990-EZ for the year ended March 31, 2025: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jarrod Lovett | Chief Executive Officer | 20 | $65,840 |
| Amanda Seller | Strategic Growth Officer | 5 | $10,500 |
| Evonne Chen | President | 1 | $0 |
| Max Gaston | Treasurer Secretary | 1 | $0 |
| Dominic Houlder | Director | 1 | $0 |
| Todd Johnson | Director | 1 | $0 |
| Haresh Dalvi | Director | 1 | $0 |
| Maryellen Burke | Director | 1 | $0 |
990-EZ for the year ended March 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jarrod Lovett | Chief Executive Officer | 20 | $52,803 |
| Amanda Seller | Strategic Growth Advisor | 5 | $25,855 |
| Evonne Chen | President | 1 | $0 |
| Maxo Gaston | Treasurer and Secretary | 1 | $0 |
| Dominic Houlder | Director | 1 | $0 |
| Todd Johnson | Director | 1 | $0 |
| Haresh Dalvi | Director | 1 | $0 |
| Maryellen Burke | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 427 CLINTON STREET, BROOKLYN, NY 11231-3457
- In care of
- % JARROD LOVETT
- Mailing address (990-N for 2021)
- 427 Clinton Street, Brooklyn NY 11231
- Principal officer (990-N for 2021)
- Max Gaston, 706 Coronation Gardens, South Bend IN 46637
- Signed the 990-EZ
- Jarrod Lovett, Volunteer (former CEO)
- Phone
- (646) 334-8795
- Website
- https://www.karuna-usa.org
Mission
Access to opportunities for marginalzed people in South Asia
Program accomplishments
- Education for all: work with schools, parents, and children to provide support structures and enable underpriviled children to take full advantage of mainstream school systemExpenses $3,900 · grants $2,000
- Gender equality: we support women to find their strength and independence to become leaders and social change makersExpenses $2,600 · grants $1,500
- Sustainable livelihoods: we work with people to form a different version of themselves, develop that vision into reality through vocational training, skills building, building networks and fostering an enabling environmentExpenses $2,600 · grants $1,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990-EZ on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990-EZ on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-2033348
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- March
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- International, foreign affairs and national security (Q12)
- Assets (IRS master file)
- $11,867
- Income (IRS master file)
- $23,641
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | March 2026 | – | – | – | IRS |
| 990-EZ | March 2025 | – | – | – | IRS |
| 990-EZ | March 2024 | $196,846 | $200,849 | $11,499 | IRS |
| 990-EZ | March 2023 | – | – | – | IRS |
| 990-N for 2021 Officer: Max Gaston | March 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about KARUNA USA INC
- What is the EIN of KARUNA USA INC?
- The employer identification number (EIN) of KARUNA USA INC is 87-2033348.
- Is KARUNA USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to KARUNA USA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KARUNA USA INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KARUNA USA INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KARUNA USA INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended March 2026.
- Who is the principal officer of KARUNA USA INC?
- The 990-N for 2021 names Max Gaston.
- Who are the officers and directors of KARUNA USA INC?
- The 990-EZ for the year ended March 31, 2026 lists 4 people; 1 received compensation from the organization, the highest $16,155 (Jarrod Lovett, Chief Executive Officer).
- How much revenue does KARUNA USA INC have?
- On its 990-EZ for the year ended March 31, 2026 it reported revenue of $23,641, expenses of $22,373 and total assets of $11,867 at year end.
Other nonprofits in BROOKLYN
- AMERICAN FRIENDS OF YESHIVA DMIR INC EIN 13-2946608 · last filed 990 for 2024
- KOLEL SHOMRE HACHOMOS OF JERUSALEM INC EIN 13-5562271 · last filed 990 for 2024
- ANSCHEI CHESED FUND INC EIN 27-3298862 · last filed 990 for 2025
- YESHIVAS CHASIDEI BELZ-BELZ INSTITUTIONS IN ISRAEL EIN 13-6159064 · last filed 990 for 2025
- BAYIS LEPLEITOS ATERES BONOS INC EIN 26-0415131 · last filed 990 for 2025
- INSTIGLIO EIN 45-5015494 · last filed 990 for 2024
- YAD DAVID INC EIN 45-4301089 · last filed 990 for 2024
- KOLEL CHIBAS JERUSALEM EIN 13-5655181 · last filed 990 for 2024
All nonprofits in BROOKLYN · New York · International, foreign affairs and national security