Quick charity verification for Chartis Foundation (EIN: 203996418)
Verdict: Chartis Foundation appears trustworthy
75/100Mission Score
$220KRevenue
$248KAssets
2Red Flags
3Strengths
Red Flags
Significant year-over-year fluctuations in revenue and expenses, indicating potential financial instability or inconsistent funding.
Large deficit spending in 2022, where expenses ($278,815) were nearly double the revenue ($150,011), leading to a substantial asset reduction.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to directing funds to the mission.
Minimal liabilities ($1 across all periods), indicating sound debt management.
Recent financial recovery in 2023, with revenue ($200,015) significantly exceeding expenses ($77,250), rebuilding assets.
Spending Breakdown
How Chartis Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Chartis Foundation
Is Chartis Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chartis Foundation (EIN: 203996418) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Chartis Foundation a good charity to donate to?
Chartis Foundation has a Mission Score of 75/100. Revenue: $220K. Assets: $248K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chartis Foundation?
The Employer Identification Number (EIN) for Chartis Foundation is 203996418. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Chartis Foundation spend its money?
Chartis Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chartis Foundation's tax-exempt status?
You can verify Chartis Foundation's tax-exempt status using EIN 203996418 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Chartis Foundation demonstrates a mixed financial picture based on its IRS 990 filings. While the organization consistently reports minimal liabilities ($1 across all periods), indicating good fiscal management in terms of debt, its revenue and expense patterns show significant fluctuations. For instance, in 2022, expenses ($278,815) significantly outstripped revenue ($150,011), leading to a substantial decrease in assets from $186,550 in 2021 to $57,746. However, the most recent filing (2023) shows a positive trend with revenue ($200,015) well exceeding expenses ($77,250), resulting in an increase in assets to $180,511. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial efficiency and transparency.
The organization's spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the absence of officer compensation is a strong positive. The significant swings in revenue and expenses, such as the sharp drop in revenue from $301,020 in 2020 to $1,012 in 2021, and then a recovery, suggest potential reliance on inconsistent funding sources or project-based funding. The overall transparency is good given the consistent filing of 990s and the clear reporting of key financial metrics, including the consistent $1 liability.