Chartis Foundation
Chartis Foundation shows fluctuating revenues and expenses, with recent financial recovery and no officer compensation.
EIN: 203996418 · Cohasset, MA · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $77K |
| Program Spending | 80% |
| Net Assets | $181K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Chartis Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Chartis Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Chartis Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $200K and expenses of $77K.
Revenue and Expenses
Chartis Foundation reported $200K in revenue and $77K in expenses, a surplus of $123K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Chartis Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $62K (80%) |
Across stored filings, Chartis Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Chartis Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chartis Foundation
Chartis Foundation (EIN: 203996418) is a nonprofit organization based in Cohasset, MA, classified under NTEE code E60. The organization reported total revenue of $220K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chartis Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chartis Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $77K |
| Surplus / Deficit | +$123K |
| Total Assets | $181K |
| Total Liabilities | $1 |
| Net Assets | $181K |
| Operating Margin | 61.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.0 months |
Financial Health Grade: A
In 2023, Chartis Foundation reported a surplus of $123K with revenue exceeding expenses, holds 28.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Chartis Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.3% | -72.3% | +212.6% |
| 2022 | +14723.2% | +174.7% | -69.0% |
| 2021 | -99.7% | -33.0% | -35.0% |
| 2020 | +107.5% | +75.1% | +108.7% |
| 2019 | -0.2% | -51.5% | -59.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Chartis Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chartis Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $123K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Chartis Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Chartis Foundation:
- 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.
Frequently Asked Questions about Chartis Foundation
Is Chartis Foundation a legitimate charity?
Chartis Foundation (EIN: 203996418) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $220K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Chartis Foundation spend its money?
Chartis Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chartis Foundation tax-deductible?
Chartis Foundation is registered as a tax-exempt nonprofit (EIN: 203996418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chartis Foundation's spending goes to programs?
Chartis Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chartis Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chartis Foundation is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chartis Foundation located?
Chartis Foundation is headquartered in Cohasset, Massachusetts and files with the IRS under EIN 203996418. It is classified under NTEE code E60.
How many years of IRS 990 filings does Chartis Foundation have?
Chartis Foundation has 10 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 $220K in total revenue.
Is Chartis Foundation a good charity?
The Chartis Foundation exhibits several positive attributes, such as consistent 0% officer compensation and minimal liabilities. However, the significant fluctuations in revenue and expenses, particularly the large deficit in 2022, suggest potential instability in funding or operational planning. Its commitment to not paying executive salaries is a strong indicator of mission focus.
What caused the large drop in assets in 2022?
The large drop in assets in 2022, from $186,550 in 2021 to $57,746, was primarily due to expenses ($278,815) significantly exceeding revenue ($150,011) in that fiscal period.
How does Chartis Foundation fund its operations?
While specific funding sources are not detailed in the provided data, the fluctuating revenue figures suggest a reliance on grants, donations, or project-specific funding that can vary significantly year-to-year, as seen with the revenue drop from $301,020 in 2020 to $1,012 in 2021, followed by a recovery.
Filing History
IRS 990 filing history for Chartis Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Chartis Foundation's revenue has grown by 37%, moving from $146K to $200K. Total assets decreased by 56.3% over the same period, from $413K to $181K. Total functional expenses fell by 62.7%, from $207K to $77K. In its most recent filing year (2023), Chartis Foundation reported a surplus of $123K, with revenue exceeding expenses. The organization holds $1 in liabilities against $181K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $77K | $181K | $1 | — | — |
| 2022 | $150K | $279K | $58K | $1 | — | View 990 |
| 2021 | $1K | $102K | $187K | $1 | — | — |
| 2020 | $301K | $152K | $287K | $1 | — | — |
| 2019 | $145K | $87K | $138K | $1 | — | View 990 |
| 2015 | $145K | $178K | $338K | $1 | — | View 990 |
| 2014 | $145K | $216K | $371K | $1 | — | View 990 |
| 2013 | $146K | $182K | $441K | $1 | — | View 990 |
| 2012 | $145K | $82K | $477K | $1 | — | View 990 |
| 2011 | $146K | $207K | $413K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $77K, and assets of $181K (revenue +33.3% year-over-year).
- 2022: Revenue of $150K, expenses of $279K, and assets of $58K (revenue +14723.2% year-over-year).
- 2021: Revenue of $1K, expenses of $102K, and assets of $187K (revenue -99.7% year-over-year).
- 2020: Revenue of $301K, expenses of $152K, and assets of $287K (revenue +107.5% year-over-year).
- 2019: Revenue of $145K, expenses of $87K, and assets of $138K (revenue -0.2% year-over-year).
- 2015: Revenue of $145K, expenses of $178K, and assets of $338K (revenue +0.1% year-over-year).
- 2014: Revenue of $145K, expenses of $216K, and assets of $371K (revenue -0.6% year-over-year).
- 2013: Revenue of $146K, expenses of $182K, and assets of $441K (revenue +0.4% year-over-year).
- 2012: Revenue of $145K, expenses of $82K, and assets of $477K (revenue -0.3% year-over-year).
- 2011: Revenue of $146K, expenses of $207K, and assets of $413K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chartis Foundation:
Data Sources and Methodology
This transparency report for Chartis 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.