Junior League of Charlotte Inc

Analysis

Junior League of Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1942, 84 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Junior League of Charlotte Inc reported income of $525k and spending of $532k, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $551k to $525k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to May 2022, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Charlotte Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Rhemas Gentle Care Child Development Center ($525k), Greater Maitland Civic Center ($525k) and Tangi Community Development Corporation ($525k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 57% of the total. Other salaries and wages came to $160k. At year end it held assets of $1.7m against liabilities of $225k, net assets of $1.5m. It reported 3 employees.