Probasi of Charlotte

Analysis

Probasi of Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Probasi of Charlotte reported income of $149k and spending of $149k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $149k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Probasi of Charlotte sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Foundation for Latin America Culture and Arts Inc ($149k), Ballet 314 ($149k) and Noble Street Films NFP ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.