Charlotte Speech and Hearing Center Inc

Analysis

Charlotte Speech and Hearing Center Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Charlotte Speech and Hearing Center Inc reported income of $3.1m and spending of $3.2m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.1m (+37%), an average of +8.3% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlotte Speech and Hearing Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Vna Home Care of Mercer County Inc ($3.1m), Manor Care of Lacey Wa Association ($3.1m) and Northern Illinois Cancer Treatment Center ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $158k (4.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.5m against liabilities of $782k, net assets of $1.7m. It reported 39 employees.