Charlotte Advent Media Corporation

Analysis

Charlotte Advent Media Corporation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Charlotte Advent Media Corporation reported income of $127k and spending of $194k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $138k to $127k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charlotte Advent Media Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Helping Hands Ministries ($127k), Oakwood Foundation Inc ($128k) and Raising the Standards of God Ministry ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $58k. It paid $2,222 in professional fundraising fees. At year end it held assets of $778k against liabilities of $5,769, net assets of $772k. It reported 2 employees.