Innovate Charlotte

Analysis

Innovate Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Innovate Charlotte reported income of $116k and spending of $35k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $116k (+8.4%), an average of +8.4% a year. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovate Charlotte sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Community College Public Relations Organization Inc ($116k), Lake Oswego High School Parent Club ($116k) and Rocky Mountain Chefs of Colorado Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.