Carolinas Metro Inc

Analysis

Carolinas Metro Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Carolinas Metro Inc reported income of $122k and spending of $134k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $39k to $122k (+216%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolinas Metro Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Springfield Youth Hockey Association ($122k), Type1timer Hockey Inc ($122k) and Nottoway Youth Recreation Association Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. At year end it held assets of $7,288 against liabilities of $0, net assets of $7,288.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.