Charlesson Foundation

Analysis

Charlesson Foundation is a registered charity in United States, based in Lewisville, NC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlesson Foundation reported income of $862k and spending of $102k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $862k (+506%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 401%. Over the whole period it spent 14% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlesson Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Wabash General Hospital Foundation ($861k), Council for a Healthy Dent County ($862k) and Support Within Reach ($861k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.