Charlesview Inc

Analysis

Charlesview Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlesview Inc reported income of $2.3m and spending of $1.7m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $2.3m (-69%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlesview 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 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Educational Foundation of the Massachusetts Society of Certified ($2.3m), Saint Francis Foundation ($2.3m) and Redi Corporation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $161k (9.5% of expenses). Other salaries and wages came to $2,555. At year end it held assets of $76.8m against liabilities of $51k, net assets of $76.7m. It reported 2 employees.