Charuhas Foundation Inc

Analysis

Charuhas Foundation Inc is a registered charity in United States, based in Brandywine, MD. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charuhas Foundation Inc reported income of $604k and spending of $80k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $604k (+890%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 592%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charuhas Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Riding High Ministries Inc ($604k), Custos Foundation ($604k) and Texas Impact Education Fund ($603k).

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 $18k. At year end it held assets of $1.8m against liabilities of $238k, net assets of $1.5m. It reported 1 employees.