Charis Foundation Inc

Analysis

Charis Foundation Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Charis Foundation Inc reported income of $411k and spending of $391k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $411k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charis Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($410k), Amateur Athletic Union of the United States ($411k) and International Black Womens Congress Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $61k (16% of expenses). Other salaries and wages came to $270k. At year end it held assets of $145k against liabilities of $4,014, net assets of $141k. It reported 2 employees.