Charlotte Community Foundation Inc

Analysis

Charlotte Community Foundation Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Charlotte Community Foundation Inc reported income of $3.1m and spending of $3.2m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $3.1m (+128%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 366%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlotte Community Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Powerhouse Community Development Corporation ($3.1m), Scientific Technology and Language Institute ($3.1m) and United Samaritans Foundation ($3.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $220k (6.8% of expenses). Other salaries and wages came to $177k. At year end it held assets of $16.7m against liabilities of $1.6m, net assets of $15.1m. It reported 7 employees.