Historic North Charlotte Neighborhood Assoc Inc

Analysis

Historic North Charlotte Neighborhood Assoc Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Historic North Charlotte Neighborhood Assoc Inc reported income of $59k and spending of $65k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $59k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic North Charlotte Neighborhood Assoc Inc sits at the 23rd percentile: it is larger than about 23% 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 Eastern Shore of Virginia Chamber of Commerce Foundation ($59k), Grain of Wheat Community Inc ($59k) and Friends of the Latimore Tourist Home Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 58% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.