KARUNA-SHECHEN USA
Mission Statement
OUR MISSION Rooted in the ideal of “compassion in action,” we serve others with joy and determination by cultivating altruism in our hearts and actions. We strive to reduce suffering in the Himalayan region and work toward a fairer and more compassionate world. We believe that communities can be lifted out of poverty, that change is possible, and that the well-being of every individual, regardless of race, gender, class, or caste, is essential. OUR WORK We provide vulnerable and disadvantaged populations access to health care, education and vocational training, clean water, solar electricity, and other sustainable solutions. Our programs are interconnected, working together to provide short-term support that fosters long-term change. OUR STRATEGY We believe that building on local strengths and knowledge is the most efficient way to respond to the specific needs and aspirations of our beneficiaries. Our comprehensive development strategy is based on active community participation, women’s empowerment, and the preservation of local resources and culture. We implement our strategy by working with a network of grassroots organizations and partners, as well as local teams of experienced professionals.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
91.5% | 90.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.5% | 7.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.9 mo | 95.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 90.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-20.3% | 18.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-14.0% | 6.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-17.0% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $415K | $485K | $765K | 91.5% | 0 |
| 2023 | $520K | $564K | $835K | 88.6% | 0 |
| 2022 | $543K | $912K | $880K | 88.5% | 0 |
| 2021 | $699K | $902K | N/A | — | 0 |
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