Charis Ministries Inc

Analysis

Charis Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 August 2023, Charis Ministries Inc reported income of $104k and spending of $91k, spending 87% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $83k to $104k (+26%), an average of +26% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charis Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Our Space Inc ($104k), Bridges of Love NW ($104k) and 123 Credit Counselors Inc ($104k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.