Charlotte Knights Charities Inc

Analysis

Charlotte Knights Charities Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlotte Knights Charities Inc reported income of $209k and spending of $146k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $170k to $209k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlotte Knights Charities Inc 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 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include San Juan Open Foundation ($209k), Portland Fire Fighters Charitable Fund Inc ($210k) and United Way of Hays County ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.