THE KARTA INITIATIVE
As a social mobility movement for the "bottom billion", we aim to transform the life outcomes of impoverished high-potential young people in developing/emerging countries. We widen access to world-class educational and professional opportunity: engaging human, technology and financial capital, to dismantle barriers of exposure, information, infrastructure, skills, finance and social networks.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £52,797 for the year, which was funded from existing reserves, reducing total funds from £593,259 to £540,462. Despite this reduction, the Trustees consider the charity to remain in a strong financial position with sufficient reserves to support ongoing operations. The unrestricted reserves held were £306,221, which is above the stated policy target of covering six months of operating costs.
What the accounts disclose
“The Trustees aim to hold reserves to sufficiently cover operating costs for a period of six months”
“Professional fees of £350 (2024: £940) charged by Wenn Townsend, Chartered Accountants, for the provision of accounting services. Ajay Bahi, trustee, is a partner of Wenn Townsend.” — page 23
Trustees
- Anup Mysoorchair
- Arun Kumar
- Priyamvada Sharma
- Stephen Tall
- Vibhav Nuwal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £140k | £193k |
| 31/03/2024 | £117k | £99k |
| 31/03/2023 | £133k | £223k |
| 31/03/2022 | £140k | £159k |
| 31/03/2021 | £156k | £105k |
Common questions
Is THE KARTA INITIATIVE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £52,797 for the year, which was funded from existing reserves, reducing total funds from £593,259 to £540,462. Despite this reduction, the Trustees consider the charity to remain in a strong financial position with sufficient reserves to support ongoing operations. The unrestricted reserves held were £306,221, which is above the stated policy target of covering six months of operating costs. Its FY2025 accounts were independently examined.
Who funds THE KARTA INITIATIVE?
Funders whose own accounts filings name THE KARTA INITIATIVE as a grant recipient include SLOANE ROBINSON FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SLOANE ROBINSON FOUNDATION | FY2024 | £100k | |
| SLOANE ROBINSON FOUNDATION | FY2025 | £100k | |
| SLOANE ROBINSON FOUNDATION | FY2023 | £50k | |
| SLOANE ROBINSON FOUNDATION | FY2022 | £480 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DULVERTON TRUST | 2 | £160k |
| THE GRANT THORNTON FOUNDATION | 1 | — |
| THE HAINSFORD CHARITABLE FOUNDATION | 1 | — |
| FRIENDS OF WIZNITZ LIMITED | 1 | £393k |
| THE PWC FOUNDATION | 1 | £277k |
| THE NUFFIELD FOUNDATION | 1 | £246k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
Charities like this
- KARTFORCE
- KARTIK PRABHU MEMORIAL FOUNDATION
- THE SOCIAL MOBILITY FOUNDATION
- THE TALENT FOUNDRY TRUST
- CAUSEWAY EDUCATION LTD
- LIVE AND LEARN
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE KARTA INITIATIVE | £140k | — | 0 | unclear | — | no doubt |
| KARTFORCE | £630k | — | 0 | unclear | — | no doubt |
| KARTIK PRABHU MEMORIAL FOUNDATION | £327k | — | 0 | unclear | — | no doubt |
| THE SOCIAL MOBILITY FOUNDATION | £3.3m | — | 2 | unclear | — | no doubt |
| THE TALENT FOUNDRY TRUST | £2.0m | — | — | within | — | no doubt |
| CAUSEWAY EDUCATION LTD | £772k | — | — | above | — | no doubt |