Karuna School Inc

Analysis

Karuna School Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Karuna School Inc reported income of $336k and spending of $551k, spending 164% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $141k to $336k (+138%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 471%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Karuna School Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include WMC Litigation Center ($336k), Design Connect Create ($336k) and Warriors Karate Academy ($336k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.