Charuhas Foundation Inc
Charuhas Foundation shows strong asset growth and low expenses relative to revenue, with no reported officer compensation.
EIN: 141911630 · Brandywine, MD · NTEE: X70 · Updated: 2026-03-28
Is Charuhas Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charuhas Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charuhas Foundation Inc
Charuhas Foundation Inc (EIN: 141911630) is a nonprofit organization based in Brandywine, MD, classified under NTEE code X70. The organization reported total revenue of $453K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charuhas Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charuhas Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Charuhas Foundation Inc 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 reported as 0% across all available filings, indicating that the organization's officers are not receiving direct compensation, which is highly favorable for a nonprofit of its size with assets exceeding $1.7 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 Charuhas Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue makes long-term financial planning challenging.
Strengths
The following positive indicators were identified for Charuhas Foundation Inc:
- Consistent asset growth over the past decade, reaching $1,772,128 in 2023.
- Very low expense ratio relative to revenue, particularly in 2023 ($80,303 expenses vs. $604,202 revenue).
- Zero reported officer compensation across all filings, indicating strong fiscal responsibility.
- Significant increase in revenue in the latest filing period (202312: $604,202).
Frequently Asked Questions about Charuhas Foundation Inc
Is Charuhas Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charuhas Foundation Inc (EIN: 141911630) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Charuhas Foundation Inc spend its money?
Charuhas Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charuhas Foundation Inc tax-deductible?
Charuhas Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141911630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Charuhas Foundation Inc. financially stable?
Yes, the organization appears financially stable, demonstrating consistent asset growth from $709,738 in 2014 to $1,772,128 in 2023, and generally maintaining expenses well below revenue, as seen in 2023 with $604,202 in revenue against $80,303 in expenses.
How has the organization's revenue trended?
Revenue has been highly variable, with significant peaks in 2015 ($479,851), 2016 ($452,038), and especially 2023 ($604,202), interspersed with periods of much lower revenue, such as $18,834 in 2021.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through non-officer channels, which is a strong indicator of fiscal responsibility.
Are there any concerns regarding liabilities?
Liabilities have fluctuated, reaching a high of $547,730 in 2014 and $501,064 in 2022, but decreased to $238,464 in 2023, which is a positive trend relative to its growing assets.
Filing History
IRS 990 filing history for Charuhas Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Charuhas Foundation Inc's revenue has grown by 506.1%, moving from $100K to $604K. Total assets increased by 226.9% over the same period, from $542K to $1.8M. Total functional expenses rose by 12.3%, from $71K to $80K. In its most recent filing year (2023), Charuhas Foundation Inc reported a surplus of $524K, with revenue exceeding expenses. The organization holds $238K in liabilities against $1.8M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $604K | $80K | $1.8M | $238K | — | — |
| 2022 | $130K | $71K | $1.5M | $501K | — | View 990 |
| 2021 | $19K | $65K | $1.3M | $404K | — | View 990 |
| 2020 | $29K | $54K | $1.3M | $401K | — | View 990 |
| 2019 | $61K | $58K | $1.3M | $401K | — | View 990 |
| 2018 | $89K | $70K | $1.3M | $401K | — | View 990 |
| 2017 | $29K | $51K | $922K | $11K | — | View 990 |
| 2016 | $452K | $91K | $945K | $11K | — | View 990 |
| 2015 | $480K | $68K | $986K | $413K | — | View 990 |
| 2014 | $30K | $64K | $710K | $548K | — | View 990 |
| 2013 | $174K | $77K | $717K | $522K | — | View 990 |
| 2012 | $21K | $39K | $728K | $629K | — | View 990 |
| 2011 | $59K | $55K | $746K | $629K | — | View 990 |
| 2010 | $100K | $71K | $542K | $429K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $604K, expenses of $80K, and assets of $1.8M (revenue +363.4% year-over-year).
- 2022: Revenue of $130K, expenses of $71K, and assets of $1.5M (revenue +592.2% year-over-year).
- 2021: Revenue of $19K, expenses of $65K, and assets of $1.3M (revenue -34.1% year-over-year).
- 2020: Revenue of $29K, expenses of $54K, and assets of $1.3M (revenue -53.2% year-over-year).
- 2019: Revenue of $61K, expenses of $58K, and assets of $1.3M (revenue -31.1% year-over-year).
- 2018: Revenue of $89K, expenses of $70K, and assets of $1.3M (revenue +207.3% year-over-year).
- 2017: Revenue of $29K, expenses of $51K, and assets of $922K (revenue -93.6% year-over-year).
- 2016: Revenue of $452K, expenses of $91K, and assets of $945K (revenue -5.8% year-over-year).
- 2015: Revenue of $480K, expenses of $68K, and assets of $986K (revenue +1489.5% year-over-year).
- 2014: Revenue of $30K, expenses of $64K, and assets of $710K (revenue -82.6% year-over-year).
- 2013: Revenue of $174K, expenses of $77K, and assets of $717K (revenue +713.7% year-over-year).
- 2012: Revenue of $21K, expenses of $39K, and assets of $728K (revenue -63.6% year-over-year).
- 2011: Revenue of $59K, expenses of $55K, and assets of $746K (revenue -41.0% year-over-year).
- 2010: Revenue of $100K, expenses of $71K, and assets of $542K.
Data Sources and Methodology
This transparency report for Charuhas Foundation 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.