Charlotte Childrens Classic Foundation Inc

Analysis

Charlotte Childrens Classic Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Charlotte Childrens Classic Foundation Inc reported income of $60k and spending of $64k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $60k (-2.0%), an average of -2.0% a year. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlotte Childrens Classic Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Cessna United Friendship Fund of Independence Inc ($60k), Burrowsville ($60k) and Kappa Community Development Foundation Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,821 against liabilities of $0, net assets of $1,821.