Charleys Fund Inc

Analysis

Charleys Fund Inc is a registered charity in United States, based in GT Barrington, MA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Charleys Fund Inc reported income of $684k and spending of $724k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $684k (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charleys Fund Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Asian Women for Health Inc ($684k), Ko-Kwel Wellness Center Qalicb ($684k) and Women Rock ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.0m against liabilities of $106k, net assets of $922k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.