Karuna Foundation: $34.5M Revenue, $33.8M Expenses
Niwot, Colorado · EIN 854026412 · Filing year 2023
Karuna Foundation reported $34.5M in total revenue, $33.8M in total expenses, and $2.1M in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: C (55/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $34.5M
- Total Expenses
- $33.8M
- Total Assets
- $2.1M
- Reserve Months
- 0.7 months
- Surplus / (Deficit)
- $746K
- EIN
- 854026412
- Latest 990 Year
- 2023
- Current-Officer Compensation
- Not reported
- Officer Comp % of Revenue
- N/A
Karuna Foundation earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 55/100.
At $34.5M in 2023 revenue, Karuna Foundation sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Reserves are the limiting factor: Karuna Foundation carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.
Five-year revenue trajectory is strongly positive: Karuna Foundation has grown materially in real terms, which usually signals successful fundraising and program expansion. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Karuna Foundation works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.
How Karuna Foundation Compares
Karuna Foundation earns a NonprofitTruth efficiency grade of C (55/100). That is 8 points below the Environment & Animals category average. The organization holds 0.7 months of operating reserves, which is below the commonly recommended 3-month minimum.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Karuna Foundation reported $34.5M in revenue against $33.8M in total functional expenses for filing year 2023, holding roughly 0.7 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
Revenue History
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Karuna Foundation has a NonprofitTruth Efficiency Score of C (55/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Karuna Foundation, Donor FAQ
Karuna Foundation has a NonprofitTruth Efficiency Score of C (55/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Current-officer compensation for Karuna Foundation is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.
Karuna Foundation reported $34.5M in annual revenue and $33.8M in total expenses for filing year 2023. The organization holds $2.1M in total assets.
Karuna Foundation holds approximately 0.7 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Karuna Foundation is a registered 501(c) organization with EIN 854026412, based in Niwot, Colorado. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Environment & Animals Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.