Charlotte Pride Inc

Analysis

Charlotte Pride Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Charlotte Pride Inc reported income of $993k and spending of $956k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $993k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 88% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Charlotte Pride Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Muslim Advocates ($993k), Black Visions ($994k) and Homies Unidos Inc ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $67k. At year end it held assets of $400k against liabilities of $36k, net assets of $363k. It reported 4 employees.