Charger Foundation Inc

Analysis

Charger Foundation Inc is a registered charity in United States, based in Martin, TN. It received its IRS tax-exemption ruling in September 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Charger Foundation Inc reported income of $164k and spending of $145k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $81k to $164k (+102%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charger Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include Mason Music Foundation ($164k), Haydenfilms Institute ($164k) and Combat Air Museum Inc ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 18% of the total. At year end it held assets of $210k against liabilities of $31k, net assets of $179k.