Charter Charitable Foundation
Charter Charitable Foundation consistently grows assets and maintains low expenses with no reported officer compensation.
EIN: 200471816 · Concord, NH · NTEE: T99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $473K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.0M |
| Transparency Score | 95/100 |
Is Charter Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charter Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charter Charitable Foundation
Charter Charitable Foundation (EIN: 200471816) is a nonprofit organization based in Concord, NH, classified under NTEE code T99. The organization reported total revenue of $2.5M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charter Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charter Charitable Foundation is a mid-size nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $914K |
| Total Expenses | $473K |
| Surplus / Deficit | +$441K |
| Total Assets | $8.0M |
| Total Liabilities | $1 |
| Net Assets | $8.0M |
| Operating Margin | 48.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.7 months |
Financial Health Grade: A
In 2021, Charter Charitable Foundation reported a surplus of $441K with revenue exceeding expenses, holds 203.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Charter Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -18.2% | +4.0% | +5.8% |
| 2020 | -20.0% | +9.2% | +9.6% |
| 2019 | +278.4% | -0.4% | +20.1% |
| 2015 | -18.5% | +12.3% | -0.8% |
| 2014 | +74.6% | -0.2% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Charter Charitable Foundation with a Mission Score of 95 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Charter Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $441K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization with assets over $8 million.
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 Charter Charitable Foundation's IRS 990 filings:
- No reported officer compensation for an organization with over $8 million in assets, which could indicate compensation is reported elsewhere or a highly unusual operational model.
Strengths
The following positive indicators were identified for Charter Charitable Foundation:
- Consistent asset growth, from $5,769,338 in 2011 to $8,032,889 in 2021.
- Healthy financial surplus, with revenue consistently exceeding expenses in recent years (e.g., $913,988 revenue vs. $473,297 expenses in 2021).
- Low expense ratio relative to revenue, indicating efficient use of funds.
- Consistent IRS 990 filing history, demonstrating transparency.
- No reported officer compensation, suggesting a high proportion of funds available for mission-related activities.
Frequently Asked Questions about Charter Charitable Foundation
Is Charter Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charter Charitable Foundation (EIN: 200471816) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Charter Charitable Foundation spend its money?
Charter Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charter Charitable Foundation tax-deductible?
Charter Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 200471816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charter Charitable Foundation CEO make?
Charter Charitable Foundation's highest-compensated officer earns $8 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Charter Charitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Charter Charitable Foundation is above average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charter Charitable Foundation located?
Charter Charitable Foundation is headquartered in Concord, New Hampshire and files with the IRS under EIN 200471816. It is classified under NTEE code T99.
How many years of IRS 990 filings does Charter Charitable Foundation have?
Charter Charitable Foundation has 8 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 $2.5M in total revenue.
What are the specific programs Charter Charitable Foundation funds?
The provided data does not detail the specific programs or grants made by Charter Charitable Foundation. Further investigation into their public records or website would be needed to understand their programmatic activities.
How does Charter Charitable Foundation manage to have no officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based or compensated through an affiliated entity, which would require further scrutiny to understand the full compensation structure.
What is the source of Charter Charitable Foundation's revenue?
The provided IRS 990 data only shows total revenue figures (e.g., $913,988 in 2021) but does not break down the sources of this revenue (e.g., donations, investment income, grants). This information would typically be found in the full 990 filing.
Filing History
IRS 990 filing history for Charter Charitable Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Charter Charitable Foundation's revenue has grown by 114.6%, moving from $426K to $914K. Total assets increased by 39.2% over the same period, from $5.8M to $8.0M. Total functional expenses rose by 11.3%, from $425K to $473K. In its most recent filing year (2021), Charter Charitable Foundation reported a surplus of $441K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $914K | $473K | $8.0M | $1 | — | — |
| 2020 | $1.1M | $455K | $7.6M | $1 | — | — |
| 2019 | $1.4M | $417K | $6.9M | $1 | — | View 990 |
| 2015 | $369K | $418K | $5.8M | $1 | — | View 990 |
| 2014 | $453K | $372K | $5.8M | $1 | — | View 990 |
| 2013 | $259K | $373K | $5.7M | $1 | — | View 990 |
| 2012 | $436K | $444K | $5.8M | $1 | — | View 990 |
| 2011 | $426K | $425K | $5.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $914K, expenses of $473K, and assets of $8.0M (revenue -18.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $455K, and assets of $7.6M (revenue -20.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $417K, and assets of $6.9M (revenue +278.4% year-over-year).
- 2015: Revenue of $369K, expenses of $418K, and assets of $5.8M (revenue -18.5% year-over-year).
- 2014: Revenue of $453K, expenses of $372K, and assets of $5.8M (revenue +74.6% year-over-year).
- 2013: Revenue of $259K, expenses of $373K, and assets of $5.7M (revenue -40.5% year-over-year).
- 2012: Revenue of $436K, expenses of $444K, and assets of $5.8M (revenue +2.4% year-over-year).
- 2011: Revenue of $426K, expenses of $425K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charter Charitable Foundation:
Data Sources and Methodology
This transparency report for Charter Charitable Foundation 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.