Charitas Foundation
Nonprofit profile at a glance
- EIN
- 861623639
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Montgomery, TX, USA
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $55,523
- Expenses
- $57,755
- Assets
- $4,692
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Walter Bennett (President)
People named in this filing
- Walter Bennett (President)
- Elizabeth Bennett (Treasurer-Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitas Foundation exists to provide financial and intellectual support to entities and individuals in the country of India engaged in the betterment of indigenous children in that country.
What it reported doing in 2025
In 2025 financial and intellectual support was provided for the opening of new classes and expansion and ongoing operation of the Charitas orphanage and school in Visakhapatnam Andhra Pradesh India. 130 orphans are homed and 232 students attend the school.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.3%; rating input score 0
- Program expense ratio: 0.3%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 120% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 28% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 51.9% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 0.3% of revenue deployed · 0.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $155 in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.