Charlotte Art League Inc

Analysis

Charlotte Art League Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Charlotte Art League Inc reported income of $418k and spending of $442k, spending 106% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $219k to $418k (+91%), an average of +91% a year. The sharpest change came in the year to May 2023, when income rose by 91%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlotte Art League Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Chamber Music Society of St Louis Inc ($418k), Laban Bartenieff Institute of Movement Studies Inc ($418k) and Alliance Francaise de Pasadena ($418k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $48k (11% of expenses). Other salaries and wages came to $65k. At year end it held assets of $78k against liabilities of $62k, net assets of $15k.