The Kharis Foundation Inc
The Kharis Foundation Inc shows volatile revenue and recurring deficits, with no officer compensation reported.
EIN: 20814904 · Schererville, IN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $391K |
| Total Expenses | $125K |
| Program Spending | 70% |
| Net Assets | $39K |
| Transparency Score | 65/100 |
Search Intent Cockpit
The Kharis Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Kharis Foundation Inc 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 The Kharis Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $110K and expenses of $125K.
Revenue and Expenses
The Kharis Foundation Inc reported $110K in revenue and $125K in expenses, a deficit of $15K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is The Kharis Foundation Inc 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 | $88K (70%) |
Across stored filings, The Kharis Foundation Inc 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; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Sigma Kappa Sorority | Indiana and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Sigma Kappa Sorority →All Indiana nonprofits
All Philanthropy
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Schererville, IN nonprofitsPhilanthropy in Indiana
Public Benefit in Indiana
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Philanthropy spending
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Donation Decision Flow
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Keep the Investigation Moving
The Kharis Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Kharis Foundation Inc
The Kharis Foundation Inc (EIN: 20814904) is a nonprofit organization based in Schererville, IN, classified under NTEE code T20. The organization reported total revenue of $391K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kharis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kharis Foundation Inc 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 36.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $125K |
| Surplus / Deficit | $-14,891 |
| Total Assets | $39K |
| Total Liabilities | $1 |
| Net Assets | $39K |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, The Kharis Foundation Inc reported a deficit of $15K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Kharis Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.9% | -28.8% | -27.8% |
| 2022 | +59.8% | -13.1% | +83.1% |
| 2021 | +37320.6% | +107.5% | -72.5% |
| 2020 | -99.8% | +680.2% | -47.8% |
| 2019 | +60.0% | -90.7% | +1374.1% |
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 The Kharis Foundation Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Kharis Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Kharis Foundation Inc consistently reports 0% officer compensation across all available filings, indicating strong transparency and a commitment to directing funds away from executive salaries, especially given its fluctuating revenue and asset base.
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 The Kharis Foundation Inc's IRS 990 filings:
- Recurring periods where expenses exceed revenue (e.g., 2023: $125,291 expenses vs. $110,400 revenue)
- Highly volatile revenue streams (e.g., $335 in 2020 vs. $200,363 in 2022)
- Significant fluctuations in asset base over time, indicating inconsistent financial growth or management.
Strengths
The following positive indicators were identified for The Kharis Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency in executive pay.
- Minimal liabilities reported across all periods ($1), suggesting no significant debt burden.
- Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about The Kharis Foundation Inc
Is The Kharis Foundation Inc a legitimate charity?
The Kharis Foundation Inc (EIN: 20814904) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $391K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Kharis Foundation Inc spend its money?
The Kharis Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Kharis Foundation Inc tax-deductible?
The Kharis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20814904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Kharis Foundation Inc's spending goes to programs?
The Kharis Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Kharis Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Kharis Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Kharis Foundation Inc located?
The Kharis Foundation Inc is headquartered in Schererville, Indiana and files with the IRS under EIN 20814904. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Kharis Foundation Inc have?
The Kharis Foundation Inc 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 $391K in total revenue.
How does The Kharis Foundation Inc manage its recurring deficits?
The filings show that in multiple periods (e.g., 2023, 2021, 2015, 2013, 2012, 2011), the organization's expenses exceeded its revenue. This suggests a reliance on prior year reserves or other unspecified funding sources to cover operational costs, which could impact long-term financial stability.
What is the primary source of The Kharis Foundation Inc's revenue given its volatility?
The provided data does not specify the sources of revenue, but the significant fluctuations (e.g., $335 in 2020 vs. $200,363 in 2022) suggest an inconsistent funding model, possibly reliant on grants or large, infrequent donations rather than a stable base of recurring contributions.
What are the specific program activities of The Kharis Foundation Inc?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations', but the summary data does not provide details on specific programs or initiatives undertaken by the organization. Further investigation into their public statements or detailed 990 forms would be needed.
Filing History
IRS 990 filing history for The Kharis Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Kharis Foundation Inc's revenue has grown by 3978.3%, moving from $3K to $110K. Total assets decreased by 68.2% over the same period, from $122K to $39K. Total functional expenses fell by 33.9%, from $190K to $125K. In its most recent filing year (2023), The Kharis Foundation Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $39K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $125K | $39K | $1 | — | View 990 |
| 2022 | $200K | $176K | $54K | $1 | — | View 990 |
| 2021 | $125K | $203K | $29K | $1 | — | View 990 |
| 2020 | $335 | $98K | $106K | $1 | — | View 990 |
| 2019 | $160K | $13K | $204K | $1 | — | View 990 |
| 2015 | $100K | $134K | $14K | $1 | — | View 990 |
| 2014 | $93K | $78K | $48K | $1 | — | View 990 |
| 2013 | $116K | $197K | $32K | $1 | — | View 990 |
| 2012 | $105K | $113K | $113K | $1 | — | View 990 |
| 2011 | $3K | $190K | $122K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $125K, and assets of $39K (revenue -44.9% year-over-year).
- 2022: Revenue of $200K, expenses of $176K, and assets of $54K (revenue +59.8% year-over-year).
- 2021: Revenue of $125K, expenses of $203K, and assets of $29K (revenue +37320.6% year-over-year).
- 2020: Revenue of $335, expenses of $98K, and assets of $106K (revenue -99.8% year-over-year).
- 2019: Revenue of $160K, expenses of $13K, and assets of $204K (revenue +60.0% year-over-year).
- 2015: Revenue of $100K, expenses of $134K, and assets of $14K (revenue +7.4% year-over-year).
- 2014: Revenue of $93K, expenses of $78K, and assets of $48K (revenue -19.5% year-over-year).
- 2013: Revenue of $116K, expenses of $197K, and assets of $32K (revenue +10.7% year-over-year).
- 2012: Revenue of $105K, expenses of $113K, and assets of $113K (revenue +3769.6% year-over-year).
- 2011: Revenue of $3K, expenses of $190K, and assets of $122K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Kharis Foundation Inc:
Data Sources and Methodology
This transparency report for The Kharis 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.