Charlotte Gaymers Network Inc

Analysis

Charlotte Gaymers Network Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Gaymers Network Inc reported income of $116k and spending of $118k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $27k to $116k (+330%), an average of +107% a year. The sharpest change came in the year to December 2022, when income rose by 370%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Charlotte Gaymers Network Inc sits at the 46th percentile: it is larger than about 46% 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 University of Wyoming ($115k), Friends of TLC ($116k) and The Gem Project Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 25% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.