Nami Charlotte

Analysis

Nami Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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, Nami Charlotte reported income of $77k and spending of $54k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $77k (+11%), an average of +11% a year. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Charlotte sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Mt Hood Ski Patrol ($77k), Wharncliffe Volunteer Fire Department ($77k) and Cascade Mountain Bible Church ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.