Sustain Charlotte Inc

Analysis

Sustain Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Sustain Charlotte Inc reported income of $762k and spending of $827k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $762k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustain Charlotte Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Mississippi Enterprise for Technology Inc ($762k), The Current Ga Inc ($763k) and We Heart Seattle ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $129k (16% of expenses). Other salaries and wages came to $412k. At year end it held assets of $1.0m against liabilities of $139k, net assets of $900k. It reported 11 employees.