Charlotte Gardens Inc

Analysis

Charlotte Gardens Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in March 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charlotte Gardens Inc reported income of $129k and spending of $172k, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $114k to $129k (+13%), an average of +4.1% a year. Over the whole period it spent 126% 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 Gardens Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within AR. Charities of a similar size with the same main cause include Glendora High School Choral Boosters ($129k), Go2goal LLC ($129k) and Feline Friends Inc ($129k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $769k against liabilities of $81k, net assets of $688k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.