Charlotte Works

Analysis

Charlotte Works is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2024, Charlotte Works reported income of $6.8m and spending of $6.6m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.0m to $6.8m (-15%), an average of -3.3% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charlotte Works sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Reinvent Stockton Foundation ($6.8m), Valley Packaging Industries Inc ($6.8m) and Altcap ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $242k (3.7% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $3.9m against liabilities of $2.7m, net assets of $1.2m. It reported 14 employees.