Chara Inc

Organization Overview

Chara Inc is located in Concord, NC. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chara Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Chara Inc generated $332.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $281.1k during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CHARITABLE OUTREACH PROJECTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHARITABLE OUTREACH AND COMMUNITY PROJECTS WITH VOLUNTEERS AND FINANCES PRIMARILY REACHING THIRD WORLD AND UNDER DEVELOPED COUNTRIES.


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Board, Officers & Key Employees

Name (title)Compensation
Jodie Hatcher
Secretary
$0
Carol Mcdonald
President
$0
Douglas Mcdonald
Financial Advisor
$0
Ron Mcdonald
Manager
$0
Justin Thibault
Directer
$0
Jeri Corley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$332,542
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$332,542
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $332,542

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Chara Inc has recieved totaling $100,239.

Awarding OrganizationAmount
Mourier Family Foundation

Roseville, CA

PURPOSE: GENERAL FUND CONTRIBUTION

$100,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$139
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$100
View Grant Recipient Profile

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