Charlotte Touchdown Club

Analysis

Charlotte Touchdown Club is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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 March 2024, Charlotte Touchdown Club reported income of $871k and spending of $784k, spending 90% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $783k to $871k (+11%), an average of +2.7% a year. The sharpest change came in the year to March 2022, when income rose by 58%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte Touchdown Club 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 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Michigan Youth Wrestling Association ($871k), Ryerss Farm for Aged Equines ($871k) and Friends of Neve College for Women Inc ($871k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $239k (30% of expenses). Other salaries and wages came to $12k. At year end it held assets of $2.7m against liabilities of $7,332, net assets of $2.7m. It reported 3 employees.