Community Culinary School of Charlotte Inc

Analysis

Community Culinary School of Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Community Culinary School of Charlotte Inc reported income of $1.3m and spending of $967k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $1.3m (+64%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Culinary School of Charlotte Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Spring Garden Community Development Corporation ($1.3m), Oregon Center for Public Policy ($1.3m) and Cultivando ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $79k (8.2% of expenses). Other salaries and wages came to $429k. At year end it held assets of $1.7m against liabilities of $201k, net assets of $1.5m. It reported 12 employees.