Karma Rescue Inc

Analysis

Karma Rescue Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Karma Rescue Inc reported income of $465k and spending of $643k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $465k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Karma Rescue Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Columbus Dog Connection Inc ($465k), Beyond Fences Inc ($465k) and Brownie Blondie Foundation ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $103k (16% of expenses). Other salaries and wages came to $122k. At year end it held assets of $135k against liabilities of $37k, net assets of $98k. It reported 4 employees.