Forcharlotte Inc

Analysis

Forcharlotte Inc is a registered charity in United States, based in Mint Hill, NC. It received its IRS tax-exemption ruling in December 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 2022, Forcharlotte Inc reported income of $502k and spending of $474k, spending 94% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $573k to $502k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forcharlotte Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Lifepoints Corp ($502k), Reston Study Center Inc ($502k) and Read Ministries Inc ($502k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $268k (57% of expenses). At year end it held assets of $531k against liabilities of $6,588, net assets of $524k. It reported 5 employees.