Strive CLT Inc

Analysis

Strive CLT Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Strive CLT Inc reported income of $98k and spending of $170k, spending 174% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $169k to $98k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Strive CLT Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Friends of the Arthur R Marshall Loxahatchee Natl Wildlife Refuge ($98k), Milford United Methodist Church Endowment Fund ($98k) and Little League Baseball Inc ($98k).

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 $88k against liabilities of $0, net assets of $88k.