Charlotte City Market

Analysis

Charlotte City Market is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Charlotte City Market reported income of $666k and spending of $684k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $467k to $666k (+42%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlotte City Market sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Accompany Doula Care Inc ($666k), Peoples Oakland Inc ($666k) and Oklahoma C a R T Association ($666k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $206k. At year end it held assets of $1.0m against liabilities of $54k, net assets of $990k. It reported 6 employees.

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.