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

$391KRevenue

$46KAssets

65/100Mission Score (Good)

T20

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.

AI Transparency Report

The Kharis Foundation Inc demonstrates a mixed financial picture based on its IRS 990 filings. While the organization has consistently reported zero officer compensation, indicating good transparency regarding executive pay, its financial stability appears volatile. For instance, in 2023, expenses ($125,291) exceeded revenue ($110,400), and a similar trend was observed in 2021 and 2015. This pattern of spending more than it earns in multiple periods raises concerns about long-term sustainability and consistent program delivery. The organization's assets have also fluctuated significantly, from a high of $203,678 in 2019 to a low of $13,817 in 2015, and currently stand at $45,555, suggesting an inconsistent financial base.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the recurring deficits suggest that the organization may struggle with managing its expenditures relative to its income. The consistent reporting of minimal liabilities ($1) across all periods is a positive sign, indicating that the organization is not accumulating significant debt. Overall, while transparency in executive compensation is strong, the financial health and spending efficiency warrant closer examination due to inconsistent revenue generation and recurring deficits.

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.

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

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.	PDF
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.

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.