Charlotte Mecklenburg Public Access Corporation

Analysis

Charlotte Mecklenburg Public Access Corporation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Charlotte Mecklenburg Public Access Corporation reported income of $643k and spending of $487k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $542k to $643k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlotte Mecklenburg Public Access Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Englewood Arts a Missouri Non-Profit Corporation ($643k), Indianapolis Chamber Orchestra Inc ($643k) and Garrison Art Center ($643k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $81k (17% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.8m against liabilities of $12k, net assets of $1.7m. It reported 14 employees.