Chartercare Foundation

Analysis

Chartercare Foundation is a registered charity in United States, based in N Providence, RI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Chartercare Foundation reported income of $246k and spending of $423k, spending 172% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $471k to $246k (-48%), an average of -15% a year. The sharpest change came in the year to September 2023, when income dropped by 58%. Over the whole period it spent 302% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chartercare Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Gullotta House ($245k), 82d Airborne Division Association Inc ($246k) and Future Farmers of America State Associations & Local Chapter ($245k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% of the total. Other salaries and wages came to $102k. At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m. It reported 1 employees.