Charlotte Institute for Faith and Work

Analysis

Charlotte Institute for Faith and Work is a registered charity in United States, based in Pineville, NC. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 December 2023, Charlotte Institute for Faith and Work reported income of $287k and spending of $269k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $83k to $287k (+247%), an average of +86% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte Institute for Faith and Work sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Onecity Church FC ($287k), Mercy Health Foundation Lebanon ($287k) and Your Family Resource Connection Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $137k (51% of expenses). Other salaries and wages came to $9,651. It paid $8,037 in professional fundraising fees. At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 4 employees.