Healthy Charlotte Alliance Inc

Analysis

Healthy Charlotte Alliance Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 May 2024, Healthy Charlotte Alliance Inc reported income of $149k and spending of $193k, spending 130% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $107k to $149k (+39%), an average of +8.6% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthy Charlotte Alliance Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Coahoma County Diaper Bank ($149k), Little League Baseball Inc ($149k) and Rock Springs Elementary School PTO Inc ($149k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 41% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $57k (30% of expenses). At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.

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.