Chahta Foundation

Analysis

Chahta Foundation is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Chahta Foundation reported income of $2.8m and spending of $1.1m, leaving 62% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.0m to $2.8m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to September 2021, when income rose by 95%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chahta Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include National Sailing Hall of Fame Museum Inc ($2.8m), American Chemical Society ($2.8m) and Goldbelt Heritage Foundation ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $27.1m against liabilities of $124k, net assets of $26.9m.