Communities in Schools of Charlotte Mecklenburg Inc

Analysis

Communities in Schools of Charlotte Mecklenburg Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Communities in Schools of Charlotte Mecklenburg Inc reported income of $10.6m and spending of $9.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $10.6m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Communities in Schools of Charlotte Mecklenburg Inc 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 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Fredericksburg Academy ($10.6m), University Preparatory Academy ($10.6m) and Propel Charter School - Northside ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $176k (1.8% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $15.4m against liabilities of $564k, net assets of $14.8m. It reported 154 employees.