Chara Project

Analysis

Chara Project is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in January 2020, 6 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 Project reported income of $65k and spending of $24k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $65k (-12%), an average of -12% a year. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chara Project sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within UT. Charities of a similar size with the same main cause include A Z God S Ministry for All People Ltd ($65k), Pure Joy Missions ($65k) and Laborers Together International Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.