Charitas Foundation

Analysis

Charitas Foundation is a registered charity in United States, based in Montgomery, TX. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Charitas Foundation reported income of $87k and spending of $87k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $500 to $87k (+17320%), an average of +17320% a year. The sharpest change came in the year to December 2023, when income rose by 17320%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Charitas Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Pemberton Jr Hornets ($87k), Hashoo Foundation USA ($87k) and Rescue Release and Restore Inc NFP ($87k).

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 $530 against liabilities of $0, net assets of $530.