Chara Inc

Analysis

Chara Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chara Inc reported income of $339k and spending of $281k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $339k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chara Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Hacienda of Hope Foundation ($339k), River Ridge Farm TR Uw ($340k) and American Friends of Midreshet Harova ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $272k against liabilities of $0, net assets of $272k.