Leadership Charlotte

Analysis

Leadership Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Leadership Charlotte reported income of $478k and spending of $397k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $358k to $478k (+34%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leadership Charlotte 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 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Center for Violence Prevention Research Inc ($478k), Sculpturewalk Inc ($478k) and Adirondack Theatre Festival Inc ($478k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $103k (26% of expenses). Other salaries and wages came to $115k. At year end it held assets of $623k against liabilities of $14k, net assets of $609k. It reported 3 employees.