Charlies Place

Analysis

Charlies Place is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Charlies Place reported income of $186k and spending of $101k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $186k (-6.0%), an average of -6.0% a year. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charlies Place sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Greater Wealth Works ($186k), Fuel Foundation ($186k) and Edu-Tech Enterprises Inc ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.