Presbyterian Home at Charlotte Inc

Analysis

Presbyterian Home at Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Presbyterian Home at Charlotte Inc reported income of $36.9m and spending of $35.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.9m to $36.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Home at Charlotte Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Avivo ($36.8m), Minuteman Senior Services Inc ($36.9m) and Jewish Social Service Agency ($36.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 91% of the total. Other salaries and wages came to $12.6m. At year end it held assets of $223.3m against liabilities of $151.9m, net assets of $71.3m. It reported 416 employees.