Charlotte Street Foundation

Analysis

Charlotte Street Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 2004, 22 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 (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 2023, Charlotte Street Foundation reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $1.3m (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 47% 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 Street Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Philadelphia Orchestra Association Trust -Endowment Fund- ($1.3m), Stage One the Louisville Childrens Theatre Inc ($1.3m) and Gulf Specimen Marine Laboratories Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $101k (6.9% of expenses). Other salaries and wages came to $379k. At year end it held assets of $10.0m against liabilities of $37k, net assets of $10.0m. It reported 12 employees.