Feeding Charlotte Inc

Analysis

Feeding Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Feeding Charlotte Inc reported income of $307k and spending of $278k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $307k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feeding Charlotte Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Dallas Hearing Foundation Inc ($307k), Renewable Farms ($307k) and Community Kitchen Inc ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $76k (27% of expenses). Other salaries and wages came to $32k. At year end it held assets of $147k against liabilities of $350, net assets of $146k. It reported 4 employees.