Community Matters Insurance Partners of Charlotte

Analysis

Community Matters Insurance Partners of Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Community Matters Insurance Partners of Charlotte reported income of $215k and spending of $103k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $264k to $215k (-19%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Matters Insurance Partners of Charlotte sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Old North State Medical Foundation ($215k), Helping Our Riders Succeed in Education ($215k) and Coalition Against Poverty in Suffolk Inc ($215k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 103% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.