Kaleo Foundation

Analysis

Kaleo Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Kaleo Foundation reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.5m (+72%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaleo Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Wood County Committee on Aging ($4.5m), Brown Memorial Home Inc ($4.5m) and Frank P Doyle Trust Article IX ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $107k (2.4% of expenses). Other salaries and wages came to $28k. At year end it held assets of $258k against liabilities of $0, net assets of $258k. It reported 4 employees.