Charlotte Life Navigators Inc

Analysis

Charlotte Life Navigators Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, 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, Charlotte Life Navigators Inc reported income of $212k and spending of $100k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $258k to $212k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charlotte Life Navigators Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Veterans and Athletes United Inc ($212k), Eurytanian Association Velouchi Inc ($212k) and Mission 514 Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.