Charlesview Charities Inc

Analysis

Charlesview Charities Inc is a registered charity in United States, based in Allston, MA. It received its IRS tax-exemption ruling in July 2022, 4 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, Charlesview Charities Inc reported income of $1.3m and spending of $776k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $750k to $1.3m (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charlesview Charities Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Wind of the Spirit Immigrant Resource Center Inc ($1.3m), Teller Senior Coalition Inc ($1.3m) and Kafhi ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,171 (0.8% of expenses). Other salaries and wages came to $67k. At year end it held assets of $887k against liabilities of $37k, net assets of $850k. It reported 1 employees.