CCCP Community Trust

Analysis

CCCP Community Trust is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CCCP Community Trust reported income of $2.8m and spending of $3.7m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.8m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income rose by 167%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CCCP Community Trust sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Clyfford Still Museum Foundation ($2.8m), Dramatic Results ($2.8m) and Aviation Hall of Fame ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $120k (3.3% of expenses). Other salaries and wages came to $797k. At year end it held assets of $2.3m against liabilities of $499k, net assets of $1.8m. It reported 5 employees.