Charis Inc

Analysis

Charis Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1986, 40 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 June 2023, Charis Inc reported income of $785k and spending of $574k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $497k to $785k (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charis Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within UT. Charities of a similar size with the same main cause include Texas Panhandle Independent Futures Foundation ($785k), Dress for Success Charlotte ($785k) and Midland Community Development Corporation ($785k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $311k. At year end it held assets of $1.2m against liabilities of $183k, net assets of $969k. It reported 16 employees.