New Charlotte Corporation
600 E 4th St, Charlotte, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $37,753,912 | $37,753,912 | $0 |
| FY2024 | $39,129,867 | $39,129,867 | $0 |
| FY2023 | $35,860,427 | $35,860,427 | $0 |
| FY2022 | $38,290,341 | $38,290,341 | $0 |
| FY2021 | $41,229,921 | $41,229,921 | $0 |
| FY2020 | $52,623,751 | $52,623,751 | $0 |
| FY2019 | $46,815,728 | $46,815,728 | $0 |
| FY2018 | $45,205,703 | $45,205,703 | $0 |
| FY2017 | $43,398,675 | $43,398,675 | $0 |
| FY2016 | $35,582,931 | $35,582,931 | $0 |
| FY2015 | $35,295,668 | $35,295,668 | $0 |
| FY2014 | $36,483,163 | $36,483,163 | $0 |
| FY2013 | $38,075,559 | $38,075,559 | $0 |
| FY2011 | $43,712,443 | $43,712,443 | $0 |
Form 990 filings
The returns filed by New Charlotte Corporation (EIN 56-1720167), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $32,919,098 | 87% |
| Program service revenue | $0 | 0% |
| Other revenue | $4,834,814 | 13% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $37,753,912 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 87% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025. That is higher than 88.1% of 185 Public & Societal Benefit organizations nationwide (too few in NC for a state comparison).
- Net assets covered about 0 months of expenses at the end of the reporting year. That puts it in the 2nd percentile among 139 Public & Societal Benefit organizations in NC.
- Total revenue was the highest among 147 Public & Societal Benefit organizations in NC.
- Total revenue fell from $43,712,443 in FY2011 to $37,753,912 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2025.
- The highest revenue on record here is $52,623,751 in FY2020.
- Contributions and grants made up 100% of revenue in FY2011 and 87% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE ORGANIZATION'S GENERAL PURPOSE IS TO PROMOTE THE GENERAL WELFARE OF THE CITY OF CHARLOTTE (THE "CITY") AND TO ASSIST THE CITY THROUGH THE ACQUISITION, CONSTRUCTION, OPERATION OR LEASING OF REAL ESTATE, FACILITIES AND EQUIPMENT FOR THE USE AND BENEFIT OF THE GENERAL PUBLIC.
IRS status
| Ruling year | 1991 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W190 — Public & Societal Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- New Hanover County Financing Corporation — Wilmington, NC · $24,920,026
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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