Queens University of Charlotte

Analysis

Queens University of Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school 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 reported income of $88.4m and spending of $108.9m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $96.5m to $88.4m (-8.4%), an average of -2.2% a year. Over the whole period it spent 107% 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 sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Perkins School for the Blind ($88.4m), Somerset Academy of Las Vegas ($88.5m) and Choate Rosemary Hall Foundation Incorporated ($87.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.2m (2.9% of expenses). Other salaries and wages came to $29.0m. It paid $20k in professional fundraising fees. At year end it held assets of $189.1m against liabilities of $121.5m, net assets of $67.6m. It reported 1,089 employees.

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.