Charitastic Inc

Analysis

Charitastic Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Charitastic Inc reported income of $154k and spending of $236k, spending 153% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $377k to $154k (-59%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charitastic Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Cape Cancer Thrift Shop Inc ($154k), Warner Connects NH ($154k) and Jag PAC Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.