Karuna Inc

Analysis

Karuna Inc is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Inc reported income of $256k and spending of $181k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $256k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Karuna Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within WI. Charities of a similar size with the same main cause include Institute for Well-Being in Law ($256k), My Safe Harbor Inc ($256k) and Citystep Org Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $139k against liabilities of $3,443, net assets of $135k. It reported 7 employees.