Hospitality House of Charlotte

Analysis

Hospitality House of Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1987, 39 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 (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 2023, Hospitality House of Charlotte reported income of $1.0m and spending of $1.2m, spending 115% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $785k to $1.0m (+29%), an average of +6.5% a year. The sharpest change came in the year to May 2021, when income rose by 85%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospitality House of Charlotte sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Sacred Heart Mercy Health Care Center ($1.0m), Westerly Hospital Foundation Inc ($1.0m) and Youth with a Mission of Colo ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 72% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $100k (8.6% of expenses). Other salaries and wages came to $455k. At year end it held assets of $4.2m against liabilities of $5,979, net assets of $4.2m. It reported 24 employees.