Charlotte Good Neighbor Fund

Analysis

Charlotte Good Neighbor Fund is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1967, 59 years ago. 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 June 2024, Charlotte Good Neighbor Fund reported income of $170k and spending of $156k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $396k to $170k (-57%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 359%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte Good Neighbor Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Northeast Community Housing Corporation Inc ($170k), Community Housing Services Inc ($170k) and Lenox Hillmeeth Physician Attending Association Inc ($170k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $959k against liabilities of $0, net assets of $959k.