CHARIS FOUNDATION INC

EIN: 330256177 501(c)(3) Unknown

WAKE FOREST, NC

Total Revenue
$410,555
Total Expenses
$390,891
Total Assets
$144,945
Net Assets
$140,931
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CA
Principal Officer
DR FRANK GREEN
Phone
9195569141
Tax Period
2023-01-01 to 2023-12-31

CHARIS FOUNDATION INC, founded in 1987, is a small nonprofit in the Unknown sector that reported $411K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $391K left a modest 5% surplus.

Mission

COUNSELING, TRAINING AND RESTORATIVE PROGRAMMING FOR THOSE IN CHRISTIAN MINISTRY LEADERSHIP THROUGH ONGOING PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $351,803 Revenue: $404,184

COUNSELING, TRAINING AND RESTORATIVE PROGRAMMING FOR THOSE IN CHRISTIAN MINISTRY LEADERSHIP THROUGH ONGOING PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,016
Program Service Revenue $404,184
Investment Income $7
Other Revenue $5,348
TOTAL REVENUE $410,555

Expense Breakdown

Grants Paid $0
Salaries & Benefits $331,595
Fundraising Expenses $0
Program Expenses $351,803
Other Expenses $59,296
TOTAL EXPENSES $390,891

Year-over-Year Comparison

2023 2022 Change
Revenue $410,555 $528,847 -0.2%
Expenses $390,891 $521,538 -0.3%
Net Income $19,664 $7,309 +1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$8,059
Total Directors
1
$8,059
Key Employees
1
$52,833
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE BARBER EMPLOYEE 40.0
Key Emp
$52,833 $0 $52,833
LAWRENCE BARBER DIRECTOR 40.0
Officer Director
$8,059 $0 $8,059
DR WILLIAM HOYT CHAIRMAN 0.0
Officer
$0 $0 $0
JIM MASON SECRETARY 0.0
Officer
$0 $0 $0
DR FRANK GREEN TREASURER 0.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $410,555 $390,891 $144,945 $19,664
2022 $528,847 $521,538 $164,316 $7,309
2021 $487,426 $454,212 $157,007 $33,214
2020 $363,353 $390,510 $123,308 $-27,157
2019 $356,720 $374,881 $150,465 $-18,161
2018 $431,844 $394,245 $168,626 $37,599
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