Salute to Heroes Charlotte

Analysis

Salute to Heroes Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2006, 20 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 2022, Salute to Heroes Charlotte reported income of $187k and spending of $158k, spending 85% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $104k to $187k (+79%), an average of +79% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salute to Heroes Charlotte sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Unchained ($187k), Coach Blair Charities ($187k) and Helping Hand Society ($187k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.