Charis Streams Missions FY2023 filing

Tax-deductible

Wharton, TX501(c)(3)Since 2016ReligionEIN 81-4888036Revenue $3.9M in FY2023

On file with the IRS1061 Caney Trail Dr, 77488-2587 · Wharton, TXTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Charis Streams Missions builds and supports churches, church networks and their leadership both in the u.s. And abroad through giving and spreading the gospel of jesus christ.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $1.3M a year · 86% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
×784 vs prior year
Spent
$273K
To programs
94%
Net assets
$3.6M
By yearFY2021–FY2025
Revenue
$3.9M
FY2023▲ ×784
Tap a bar for its year
Revenue by fiscal year
FY2021$5K
FY2023$3.9M
FY2024$424K
FY2025$289K
Expenses
$273K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2023$273K
FY2024$117K
FY2025$273K
Net assets
$3.6M
FY2023▲ ×716
Tap a bar for its year
Net assets by fiscal year
FY2021$5K
FY2023$3.6M
FY2024$4.1M
FY2025$3.9M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked May 2019, reinstated. IRS ruling Apr 2021, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Apr 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $256K Management & general 6% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Di
$10,000Pt VII · Sec A
Vice Pres/Di
$5,000Pt VII · Sec A
Secretary/Di
$5,000Pt VII · Sec A
Treasurer/Di
$5,000Pt VII · Sec A

S Myles Sweeney’s $12K as President/Di is at the 9th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023
S Myles Sweeney$12,000$12,000$10,000
Matt Sweeney$6,000$6,600$5,000
Ryan Beverly$6,000$6,000$5,000
Andrew Sweeney$6,000$6,000$5,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Charis Streams Missions executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and supports churches, networks, and leaders globally by giving and spreading the Gospel.

Provided by the organization

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1 program · $256K · in their own filed words · FY2023
01

Charis streams missions builds and supports churches, church networks and their leadership both in the U.S. And abroad through giving and spreading the gospel of jesus christ. During 2023, a parcel of land was purchased for the construction of a training center in the future.

$256Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $236K · 2023–2025

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$259K
Money outPt IX
$273K
Ln 25
Programscol B$256K
Managementcol C$17K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$3.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$259K
Gains on assetsLn 7$196K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$3.6M
LiabilitiesLn 26$0
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$83K
InvestmentsLn 11–13$13K$2.5M
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$13K$3.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$13K$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$101K$101K
Grants and assistance to foreign recipientsLn 3$130K$130K
Pay of current officers, directors and key staffLn 5$25K$25K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$47$47
OccupancyLn 16$11K$11K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$273K$256K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $289K$273K$17K$3.9M 990 PDF
FY2024 $424K$117K$307K$4.1M 990 PDF
FY2023 Viewing $3.9M$273K$3.6M$3.6M 990 PDF
FY2022 Not on file
FY2021 $5K$5K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $3,922,015 revenue, 12 lines filed
I-8 Contributions and grants$3,730,716
I-9 Program service revenue$0
I-10 Investment income$259,071
I-11 Other revenue−$67,772
I-12 Total revenue$3,922,015
I-13 Grants and similar amounts paid$231,184
I-14 Benefits paid to members$0
I-15 Salaries and benefits$25,000
I-16a Professional fundraising fees$0
I-17 Other expenses$16,669
I-18 Total expenses$272,853
I-19 Revenue less expenses$3,649,162
Part VI · Governance 0 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,922,015 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,730,716
VIII-1h Total contributions, gifts and grants$3,730,716
VIII-3 Investment incomeUnrelated business $51 · Excluded from tax $63,298$63,349
VIII-7 Net gain or loss on sales of assetsExcluded from tax $195,722$195,722
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$67,772−$67,772
VIII-12 Total revenueUnrelated business −$67,721 · Excluded from tax $259,020$3,922,015
Part IX · Statement of functional expenses $272,853 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $101,184$101,184
IX-3 Grants and assistance to foreign recipientsPrograms $130,000$130,000
IX-5 Pay of current officers, directors and key staffPrograms $25,000$25,000
IX-11c Accounting feesManagement $1,400$1,400
IX-13 Office expensesManagement $47$47
IX-16 OccupancyManagement $11,138$11,138
IX-22 Depreciation, depletion and amortizationManagement $1,713$1,713
IX-24 Other expenses (24a–d)Management $2,371$2,371
IX-25 Total functional expensesPrograms $256,184 · Management $16,669 · Fundraising $0$272,853
Part X · Balance sheet $3,578,903 assets, 8 lines filed
X-1 Cash, non-interest-bearing$82,821
X-10c Land, buildings and equipment, net$1,020,518
X-11 Publicly traded securitiesStart of year $13,003$2,475,564
X-16 Total assetsStart of year $13,003$3,578,903
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $13,003$3,578,903
X-32 Total net assets or fund balancesStart of year $13,003$3,578,903
X-33 Total liabilities and net assetsStart of year $13,003$3,578,903
Part XI · Reconciliation of net assets $3,578,903 net assets at year end
XI-1 Total revenue$3,922,015
XI-2 Total expenses$272,853
XI-3 Revenue less expenses$3,649,162
XI-4 Net assets at start of year$13,003
XI-5 Net unrealized gains (losses) on investments−$83,262
XI-10 Net assets at end of year$3,578,903

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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