Queens University of Charlotte Endowment

Analysis

Queens University of Charlotte Endowment is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Queens University of Charlotte Endowment reported income of $3.5m and spending of $13.9m, spending 403% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.2m to $3.5m (-66%), an average of -24% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Queens University of Charlotte Endowment sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Specialized Early Childhood Center of Western New York Inc ($3.5m), Middle States Association of Colleges and Schools ($3.5m) and Northeast Workforce Development Board Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154.5m against liabilities of $0, net assets of $154.5m.

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.