Charlotte Center for Literary Arts Inc

Analysis

Charlotte Center for Literary Arts Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Center for Literary Arts Inc reported income of $346k and spending of $340k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $221k to $346k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlotte Center for Literary Arts Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include PPC Entertainment Inc ($346k), Festival Ballet Albuquerque ($346k) and Mountain Top Childrens Museum Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $52k (15% of expenses). Other salaries and wages came to $80k. At year end it held assets of $132k against liabilities of $1,223, net assets of $131k. It reported 6 employees.