CHARLOTTE AREA FUND INC 1326

CHARLOTTE, NC, 28234-4188 (704) 372-3010 Est. 1963 EIN 56-6063127
P200— Human Services Form 990 501(c)(3)
WWW.CHARLOTTEAREAFUND.ORG

Mission

THE CHARLOTTE AREA FUNDS MISSION IS TO PROVIDE PROGRAMS AND SERVICES THAT ASSIST ECONOMICALLY DISADVANTAGED CITIZENS WITH GAINING THE SKILLS AND ABILITIES NECESSARY TO BECOME SELF-SUFFICIENT.

Financials

Total Revenue
$2,198,059
Total Expenses
$2,247,886
Net Assets
$1,020,747
16 employees
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
5.4 months Adequate
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 17.9%
Expenses ↓ 15.0%
Revenue Sources
Contributions 100.0%
Expense Breakdown
Program 77.8% Management 22.2%

Officers & Key Employees (16)

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Grants Received (14)

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Filing History (10 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Jul 1, 2023 to Jun 30, 2024
$2,198,059 $2,247,886$1,020,747
2023 Form 990
Jul 1, 2023 to Jun 30, 2024
$2,198,058 $2,247,886$1,020,745
2022 Form 990
Jul 1, 2022 to Jun 30, 2023
$2,676,158 $2,645,490$1,070,574
2021 Form 990
Jul 1, 2021 to Jun 30, 2022
$2,384,758 $2,378,349$1,040,839
2021 Form 990
Jul 1, 2021 to Jun 30, 2022
$2,384,758 $2,353,562$1,039,901
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$3,737,990 $2,774,134$1,008,705
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$3,737,990 $2,790,208$992,631
2019 Form 990
Jul 1, 2019 to Jun 30, 2020
$1,745,684 $1,819,631$44,849
2018 Form 990
Jul 1, 2018 to Jun 30, 2019
$1,596,817 $1,575,733$118,796
2017 Form 990
Jul 1, 2017 to Jun 30, 2018
$1,641,472 $1,639,578$97,712

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EIN: 56-6063127 · Source: IRS Form 990 e-file data