Charlotte Health Initiative Inc

Analysis

Charlotte Health Initiative Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2016, 10 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 February 2023, Charlotte Health Initiative Inc reported income of $6.9m and spending of $5.5m, spending 80% of its income. Across the 4 years on record, from February 2020 to February 2023, income grew from $4.3m to $6.9m (+59%), an average of +17% a year. The sharpest change came in the year to February 2023, when income rose by 18%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlotte Health Initiative Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Compass Community Health ($6.9m), Crowell Memorial Home ($6.9m) and Trustees of the Eastern Star Hall and Home of the State of New York ($6.9m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $42k (0.8% of expenses). Other salaries and wages came to $52k. At year end it held assets of $5.8m against liabilities of $221k, net assets of $5.6m. It reported 2 employees.