Pulse Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE OBJECTIVE OF THIS CORPORATION SHALL BE TO ADDRESS THE USE OF PULSE CROPS FOR HUMAN AND COMPANION ANIMAL HEALTH AND NUTRITION, FOOD INSECURITY, AND SUSTAINABILITY BOTH NATIONALLY AND GLOBALLY THROUGH EDUCATION. CHARITABLE EFFORTS, AND THE ADVANCEMENT OF SCIENCE AS DETAILED IN THE ARTICLES OF INCORPORATION.
- Income
- $712,500
- Spending
- $472,375
- Spent on programs
- 94%
- Reserves
- 7.5 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 71% of charities in its peer group (animals, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 7.5 months of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 34% of income.
Income trend
15 of 15Income rose 18% on the year before.
Spending floor
15 of 1594% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 32 out of 100. Higher than 9% of charities in its peer group (animals, $250k to $1m).
Independent board
5 of 250 of 4 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
0 of 5Reports that it does not keep minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $442,521 spent. In cooperation with members of the pulse industry, the Pulse Foundation is supporting the Coalition for the Advancement of Pulses (CAP), an initiative to increase the consumption of pulses.The CAP project is scoped for three years to parallel the 2025 Dietary Guidelines for Americans review process. The pulse industry was represented at all five Dietary Guidelines Advisory Committee (DGAC) meetings. The DGAC scientific protocols were analyzed, and feedback was provided as necessary to maximize pulse opportunities. Throughout this process, the CAP project engaged with key industry allies to share research findings and talking points.The CAP project funded five new research projects to investigate the human health benefits of pulses, including dry peas, lentils, chickpeas, and dry beans. Four research studies have been published, and data collection for the final paper is expected to be completed in the fall of 2024.Policy efforts aimed toward informing the DGAC about the nutritional value of increased pulse consumption, combined with an external media campaign to promote recent pulse research studies, have resulted in excitement surrounding the human health benefits of consuming pulses.The CAP initiative has helped to unify members of the pulse industry behind the goals of the CAP project. The Pulse Foundation is leveraging the exposure and knowledge gained to secure sustaining financial support for future CAP initiatives, and a fundraising campaign is currently underway. Future endeavors for the Pulse Foundation and the CAP initiative include identifying research gaps and developing a strategy to achieve CAP research goals. These experiences will guide planning for the 2030 DGA scientific review.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Pbs Foundation (Arlington, VA), EIN 20-1476451. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.