Assistance League of Charlotte Foundation

Analysis

Assistance League of Charlotte Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Assistance League of Charlotte Foundation reported income of $866k and spending of $135k, leaving 84% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income fell from $6.2m to $866k (-86%), an average of -86% a year. The sharpest change came in the year to May 2024, when income dropped by 86%. Over the whole period it spent 2.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Assistance League of Charlotte Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Angkor Hospital for Children Inc ($865k), Gateway-Longview Foundation ($866k) and Verse by Verse Ministry of San Antonio ($865k).

At year end it held assets of $7.0m against liabilities of $4,400, net assets of $7.0m.