Charleys Fund Inc
Charleys Fund Inc shows declining assets and recurring deficits despite zero officer compensation.
EIN: 202014968 · Gt Barrington, MA · NTEE: H50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $724K |
| Program Spending | 85% |
| Net Assets | $922K |
| Transparency Score | 75/100 |
Is Charleys Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charleys Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charleys Fund Inc
Charleys Fund Inc (EIN: 202014968) is a nonprofit organization based in Gt Barrington, MA, classified under NTEE code H50. The organization reported total revenue of $639K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charleys Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charleys Fund Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $684K |
| Total Expenses | $724K |
| Surplus / Deficit | $-39,846 |
| Total Assets | $1.0M |
| Total Liabilities | $106K |
| Net Assets | $922K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Charleys Fund Inc reported a deficit of $40K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Charleys Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | -50.0% | -75.0% |
| 2022 | -63.3% | -20.1% | -24.9% |
| 2021 | +50.6% | -4.7% | +9.5% |
| 2020 | -46.2% | -16.4% | -14.6% |
| 2019 | -20.6% | +0.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8120 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charleys Fund Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Charleys Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
Charleys Fund Inc consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator for donor trust and ensures that a greater proportion of funds are available for programmatic activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charleys Fund Inc's IRS 990 filings:
- Significant decline in assets from $7,174,159 in 2014 to $1,028,035 in 2023.
- Expenses frequently exceed revenue, as seen in 2023, 2022, 2021, 2020, 2019, 2017, 2015, and 2014, indicating a reliance on reserves.
- Large fluctuations in annual revenue and expenses, making financial forecasting and stability challenging.
Strengths
The following positive indicators were identified for Charleys Fund Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong programmatic focus, with a high percentage of spending likely directed towards its mission (NTEE H50 - Diseases, Disorders, Medical Disciplines).
- Long filing history (14 filings) demonstrates consistent compliance and transparency in reporting.
Frequently Asked Questions about Charleys Fund Inc
Is Charleys Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charleys Fund Inc (EIN: 202014968) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Charleys Fund Inc spend its money?
Charleys Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charleys Fund Inc tax-deductible?
Charleys Fund Inc is registered as a tax-exempt nonprofit (EIN: 202014968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charleys Fund Inc's spending goes to programs?
Charleys Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Charleys Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Charleys Fund Inc is above average for NTEE category H50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charleys Fund Inc located?
Charleys Fund Inc is headquartered in Gt Barrington, Massachusetts and files with the IRS under EIN 202014968. It is classified under NTEE code H50.
How many years of IRS 990 filings does Charleys Fund Inc have?
Charleys Fund Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $639K in total revenue.
Is Charleys Fund Inc financially stable given the declining assets?
Charleys Fund Inc's assets have decreased significantly from $7,174,159 in 2014 to $1,028,035 in 2023. This, coupled with expenses exceeding revenue in multiple recent years (e.g., $724,013 expenses vs. $684,167 revenue in 2023), suggests potential long-term financial sustainability concerns.
What is the reason for the consistent 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or that executive compensation is structured in a way that it is not reported under 'officer compensation' on the 990, though the former is more likely and positive for efficiency.
How does Charleys Fund Inc cover its expenses when they exceed revenue?
When expenses exceed revenue, as seen in 2023 ($724,013 expenses vs. $684,167 revenue) and 2022 ($1,447,384 expenses vs. $652,985 revenue), the organization likely draws upon its accumulated assets or prior year surpluses to cover the deficit. This is reflected in the overall decline in assets over time.
Filing History
IRS 990 filing history for Charleys Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Charleys Fund Inc's revenue has declined by 52.8%, moving from $1.4M to $684K. Total assets decreased by 68.2% over the same period, from $3.2M to $1.0M. Total functional expenses fell by 38.7%, from $1.2M to $724K. In its most recent filing year (2023), Charleys Fund Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $106K in liabilities against $1.0M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $922K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $684K | $724K | $1.0M | $106K | — | — |
| 2022 | $653K | $1.4M | $4.1M | $179K | — | View 990 |
| 2021 | $1.8M | $1.8M | $5.5M | $744K | — | View 990 |
| 2020 | $1.2M | $1.9M | $5.0M | $237K | — | View 990 |
| 2019 | $2.2M | $2.3M | $5.8M | $372K | — | View 990 |
| 2018 | $2.8M | $2.3M | $5.8M | $224K | — | View 990 |
| 2017 | $1.4M | $1.6M | $5.5M | $437K | — | View 990 |
| 2016 | $4.2M | $4.2M | $5.3M | $70K | — | View 990 |
| 2015 | $552K | $2.4M | $5.3M | $76K | — | View 990 |
| 2014 | $1.6M | $2.9M | $7.2M | $115K | — | View 990 |
| 2013 | $5.1M | $762K | $9.3M | $848K | — | View 990 |
| 2012 | $1.7M | $357K | $4.6M | $596K | — | View 990 |
| 2011 | $1.6M | $637K | $3.8M | $646K | — | View 990 |
| 2010 | $1.4M | $1.2M | $3.2M | $957K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $684K, expenses of $724K, and assets of $1.0M (revenue +4.8% year-over-year).
- 2022: Revenue of $653K, expenses of $1.4M, and assets of $4.1M (revenue -63.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $5.5M (revenue +50.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.9M, and assets of $5.0M (revenue -46.2% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.3M, and assets of $5.8M (revenue -20.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.3M, and assets of $5.8M (revenue +94.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.6M, and assets of $5.5M (revenue -66.0% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.2M, and assets of $5.3M (revenue +656.3% year-over-year).
- 2015: Revenue of $552K, expenses of $2.4M, and assets of $5.3M (revenue -65.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.9M, and assets of $7.2M (revenue -69.0% year-over-year).
- 2013: Revenue of $5.1M, expenses of $762K, and assets of $9.3M (revenue +198.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $357K, and assets of $4.6M (revenue +6.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $637K, and assets of $3.8M (revenue +11.5% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.2M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charleys Fund Inc:
Data Sources and Methodology
This transparency report for Charleys Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.