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

$220KRevenue

$248KAssets

75/100Mission Score (Good)

E60

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.

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.

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.

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 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.	PDF
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.

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.