KARA FUND INC
Mission Statement
The Kara Fund was founded to enhance the quality of life of children with life-threatening diseases and their families by providing goods and services that provide physical and emotional support for them in their time of distress. The support comes in forms of meal cards, gas cards, parking passes, comfort equipment, hospital/home supplies and other specific needs. We work with strategic partners in Central New York including Upstate Golisano Children's Hospital, Crouse Hospital NICY, Nascentia Health, Choices Palliative Care Group and CompassionNet. Three distinct programs include our Comfort Care, Family Care and Home Care programs that have helped thousands of children and Families over the past 12 years.
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
|
95.4% | 81.7% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
20.2% | 30.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.8 mo | 26.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
36.9% | 99.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
61.5% | 0.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.3% | -2.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
31.2% | 16.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $133K | $92K | $167K | 95.4% | — |
| 2023 | $82K | $87K | $125K | 93.0% | — |
| 2022 | $93K | $94K | $130K | 92.7% | — |
| 2021 | $110K | $58K | N/A | — | 1 |
| 2020 | $42K | $54K | N/A | — | 1 |
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