Charis Ministries

Analysis

Charis Ministries is a registered charity in United States, based in Hopkinsville, KY. It received its IRS tax-exemption ruling in March 2022, 4 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, Charis Ministries reported income of $175k and spending of $124k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $370k to $175k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 29% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charis Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Mekane Hiwot Saint Michael Ethiopia Ethiopian Orthodox Tewahedo Church ($175k), Iglesia Pentecostal Vida Eterna Inc ($176k) and Dharmadatta Community ($175k).

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 $420k against liabilities of $35k, net assets of $385k.