Chara Unlimited

Analysis

Chara Unlimited is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Chara Unlimited reported income of $119k and spending of $104k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $92k to $119k (+29%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chara Unlimited 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 41st percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include Lux Forum ($119k), Impact Discipleship Ministries Inc ($119k) and Pure Land Buddhist Association ($119k).

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 $105k against liabilities of $6,660, net assets of $99k.