Karuna Foundation

Analysis

Karuna Foundation is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in May 2021, 5 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, Karuna Foundation reported income of $34.5m and spending of $33.8m, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $18.3m to $34.5m (+89%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Karuna Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WY. Charities of a similar size with the same main cause include Center for Biological Diversity Inc ($34.5m), International Fund for Animal Welfare Inc ($35.2m) and The Wild Animal Sanctuary a Colorado Non-Profit Corporation ($33.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $484k, net assets of $1.6m.