Charlotte Area Ultimate Association

Analysis

Charlotte Area Ultimate Association is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlotte Area Ultimate Association reported income of $145k and spending of $142k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $145k (+4.6%), an average of +4.6% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlotte Area Ultimate Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Adobe Bridge Club ($145k), Mason Baseball-Softball Club Inc ($145k) and Oahu Water Polo Club ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 89% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.