Historic West End Partners Inc

Analysis

Historic West End Partners Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Historic West End Partners Inc reported income of $708k and spending of $626k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $708k (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic West End Partners Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Powderhorn Park Neighborhood Association ($708k), Kalamazoo Nonprofit Advocacy Coalition ($708k) and Fulton Economic Development Corporation ($708k).

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 $164k (26% of expenses). At year end it held assets of $406k against liabilities of $6,900, net assets of $399k. It reported 3 employees.