Roc Charlotte Inc

Analysis

Roc Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2018, 8 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, Roc Charlotte Inc reported income of $1.1m and spending of $828k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.1m (-49%), an average of -16% a year. The sharpest change came in the year to June 2023, when income rose by 127%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roc Charlotte Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Tilden School ($1.1m), Covenant Preparatory School Inc ($1.1m) and Nkwusm ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.3m against liabilities of $23k, net assets of $1.3m.