Charitastic INC FY2023 filing

Public charity (501(c)(3)) Indianapolis, IN Since 2020 EIN 85-1089524 NTEE P12
Revenue
$154K
▼ -3%
FY2023 · Pt VIII · Ln 12
Expenses
$236K
▲ +178%
FY2023 · Pt IX · Ln 25
Net assets
$132K
FY2023 · Pt X · Ln 32
To programs
100%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$154K
FY2023▼ -3%
Expenses
$236K
FY2023▲ +178%

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Yes — filed FY2025
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Foundation funders?
Not on file
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Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↓ -3% vs prior year
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Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


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Founded
2020
Type
Public charity (501(c)(3)) · Human Services
Location
Indianapolis, IN
Website
charitastic.org
Filings
5 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-53%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$132K
FY2023▼ -37%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19−$82K
Total assetsPt X · Ln 16$132K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCharitastic INC
EINHdr · item D85-1089524
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jcharitastic.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFOct 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2023.
01

Alhuda Foundation youth program

Pt IX · col B
02

Al-Hussnain Seminary

Pt IX · col B
03

SEMA US Medical Aid

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$154K
Total revenueLn 12$154K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program services100%$235K
Management & general$405
Fundraising$361
Total functional expensesLn 25$236K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$132K
Total liabilitiesLn 26$0
Total net assetsLn 32$132K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $132K · Operating expenses/yr $236K
6.7 months
Where the money goes
Program services
Program services $235K · Total expenses $236K
100%
Management & General
Management & general $405 · Total expenses $236K
0.2%
Fundraising
Fundraising $361 · Total expenses $236K
0.2%
Cost to raise $1
Fundraising expense (2-yr avg) $180 · Solicited contributions (2-yr avg) $156K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $154K
100%
Government reliance
Government grants — · Total revenue $154K
—
Earned-income share
Program service revenue $0 · Total revenue $154K
0%
Investment reliance
Investment income $0 · Total revenue $154K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $236K
0%
Growth & trend
Revenue growth (YoY)
This year $154K · Prior year $158K
-3%
Net-asset trend (YoY)
End of year $132K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $154K · Expenses $236K
-53%
Liabilities-to-Assets
Total liabilities — · Total assets $132K
—
Net-asset ratio
Net assets $132K · Total assets $132K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $58K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $132K
44%
People & payroll
Highest Reported Total Compensation
Individual Ahmad Saltagi · Reported title President · Highest reported compensation $0 · Total expenses $236K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $236K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0.2%——
Fundraising cost ratio 0.2%——
Revenue growth -3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $285K · 2022–2023
Sema US INCWV · FY2023$97,220
Alhuda Foundation INCIN · FY2023$40,400
Al HussnainIN · FY2023$27,000
Iman Advocates INCIN · FY2023$20,000
Imani Aid INCIN · FY2023$11,100
Masjid AlfajrFY2022$31,407
Syrian ForumFY2022$18,925
Sema US INCWV · FY2022$9,850
Barakah FoundationCA · FY2022$9,700
Medglobal INCIL · FY2022$700
SamsMI · FY2022$400

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$208K revenue · ⤓ 990 PDF
FY2024$119K revenue · ⤓ 990 PDF
FY2023$154K revenue · viewing · ⤓ 990 PDF
FY2022$158K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$377K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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