Pflag Charlotte Inc

Analysis

Pflag Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 December 2023, Pflag Charlotte Inc reported income of $310k and spending of $211k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $310k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pflag Charlotte Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Arc of Douglas County ($310k), Cecil County Arts Council Inc ($311k) and Sacred Heart Benedictine Foundation ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 5.4% of the total. Other salaries and wages came to $109k. At year end it held assets of $271k against liabilities of $10k, net assets of $261k. It reported 5 employees.