The Shah Karma Foundation Inc
The Shah Karma Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Palm Harbor, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 6 grants totaling $17K. Net investment income was $26K.
Key facts about The Shah Karma Foundation Inc
- EIN
- 83-2673194
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $16,701
- Grants made (2024)
- 6
- Average grant
- $2,784
- Median grant
- $2,526
- Total assets
- $303,617
- Primary geography
- Florida (48% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Shah Karma Foundation Inc funds
By grant dollars, the top recipient states for The Shah Karma Foundation Inc's 6 itemized 2024 grants were Florida (48%), California (30%) and Texas (22%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
How The Shah Karma Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+15%). Method
- In 2021 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Shah Karma Foundation Inc
- How to evaluate The Shah Karma Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$304K
+6.5% YoY
Annual Giving
$17K
-5.4% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$3K
-52.7% YoY
About The Shah Karma Foundation Inc
Based on IRS filings
The Shah Karma Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Palm Harbor, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 6 grants totaling $17K. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $303,617 | $284,990 | $296,020 |
| Revenue | $14,190 | $16,088 | $14,650 |
| Expenses | $22,031 | $19,330 | $18,148 |
| Qualifying Distributions | — | — | $16,223 |
| Net Investment Income | $26,467 | — | $518 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Akshaya Patra ($5,000), Ekal Vidyalaya Foundation of USA ($3,650), Jain Society of Tampabay ($3,051).
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra Canoga Park, CA | Charitable | $5,000 |
| Ekal Vidyalaya Foundation of USA Houston, TX | Charitable | $3,650 |
| Jain Society of Tampabay Bradenton, FL | Charitable | $3,051 |
| Good Samaritan Health Clinic of Pasco New Port Richey, FL | Charitable | $2,000 |
| Cares Hudson, FL | Charitable | $1,500 |
| Lighhouse for the Visually Impaired & Blind New ort Richey, FL | Charitable | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Hemant N Shah | President & Treasurer | 1 | — |
| Alka H Shah | Secretary | 1 | — |
| Madhvi H Shah | Director | 1 | — |
| Paras H Shah | Director | 1 | — |
| Pooja Kapadia | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Shah Karma Foundation Inc?
The Shah Karma Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Palm Harbor, FL. It holds $304K in total assets as of 2024.
How large is The Shah Karma Foundation Inc?
As of 2024, The Shah Karma Foundation Inc holds $304K in total assets with $14K in annual revenue. It awarded 6 grants totaling $17K in 2024.
Where does The Shah Karma Foundation Inc operate?
The Shah Karma Foundation Inc has awarded grants in California, Florida, New Jersey, Texas.
What size grants does The Shah Karma Foundation Inc award?
In 2024, The Shah Karma Foundation Inc awarded 6 grants totaling $17K — an average of about $3K per grant, based on its IRS Form 990 filings.
What is The Shah Karma Foundation Inc's EIN?
The Shah Karma Foundation Inc's EIN (Employer Identification Number) is 83-2673194. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.