Foundation for the Charlotte Jewish Community

Analysis

Foundation for the Charlotte Jewish Community is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for the Charlotte Jewish Community reported income of $12.7m and spending of $10.5m, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $19.5m to $12.7m (-35%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation for the Charlotte Jewish Community sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Permanent Endowment Fund of the Moody Memorial First United Method ($12.6m), Camp Morasha Inc ($12.8m) and 1889-Chs Foundation Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 6.2% of the total. At year end it held assets of $207.0m against liabilities of $2.6m, net assets of $204.4m.