Charter Arts Foundation

Analysis

Charter Arts Foundation is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Charter Arts Foundation reported income of $1.0m and spending of $1.4m, spending 138% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.0m (-24%), an average of -6.8% a year. The sharpest change came in the year to June 2023, when income rose by 374%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charter Arts Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Seed Coalition ($1.0m), SP 1600 Penn Foundation ($1.0m) and Darren Patterson Christian Academy ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 77% of the total. At year end it held assets of $22.8m against liabilities of $11.9m, net assets of $10.9m.