Athletic Foundation of the Univ of North Carolina at Charlotte

Analysis

Athletic Foundation of the Univ of North Carolina at Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Athletic Foundation of the Univ of North Carolina at Charlotte reported income of $6.5m and spending of $8.9m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $6.5m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 240%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Athletic Foundation of the Univ of North Carolina at Charlotte sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include W a Y Widening Advancements for Youth ($6.5m), Icahn Charter School 7 ($6.6m) and Down East Partnership for Children ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $41.1m against liabilities of $277k, net assets of $40.8m.