Charlotte Is Creative

Analysis

Charlotte Is Creative is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2017, 9 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 Is Creative reported income of $834k and spending of $737k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $834k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 88% 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 Is Creative 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 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include The Ritz Theatre Company Inc ($834k), Ensemble Studio Theatre Inc ($835k) and Long Island Music Hall of Fame Inc ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $256k (35% of expenses). At year end it held assets of $398k against liabilities of $5,966, net assets of $392k. It reported 3 employees.