Social Venture Partners Charlotte Inc

Analysis

Social Venture Partners Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Social Venture Partners Charlotte Inc reported income of $441k and spending of $348k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $533k to $441k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Venture Partners Charlotte Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include American Friends of Kollel Tefillatmoshe NFP ($441k), Jens Friends Cancer Foundation ($441k) and Early Steps Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $93k (27% of expenses). Other salaries and wages came to $48k. At year end it held assets of $384k against liabilities of $405, net assets of $384k. It reported 2 employees.