North Carolina Performing Arts Center at Charlotte Foundation
130 N Tryon St Ste 200, Charlotte, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $48,023,571 | $50,756,870 | $44,831,589 |
| FY2024 | $49,039,682 | $49,409,963 | $44,276,084 |
| FY2023 | $45,746,637 | $45,234,610 | $40,754,744 |
| FY2022 | $51,887,136 | $50,469,946 | $38,733,083 |
| FY2021 | $27,191,791 | $23,049,038 | $41,421,716 |
| FY2020 | $23,681,356 | $26,607,108 | $32,633,092 |
| FY2019 | $43,268,873 | $43,213,685 | $33,772,233 |
| FY2018 | $40,621,319 | $36,786,872 | $34,973,494 |
| FY2017 | $28,192,613 | $28,241,703 | $30,517,661 |
| FY2016 | $34,416,841 | $33,939,705 | $30,154,533 |
| FY2015 | $26,574,621 | $27,061,683 | $29,387,281 |
| FY2014 | $2,977,623 | $2,856,927 | $31,501,016 |
| FY2013 | $24,152,472 | $23,090,532 | $29,720,918 |
| FY2012 | $22,515,497 | $22,692,961 | $28,624,564 |
Form 990 filings
The returns filed by North Carolina Performing Arts Center at Charlotte Foundation (EIN 58-1791724), 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 | $3,089,871 | 6% |
| Program service revenue | $39,937,548 | 83% |
| Other revenue | $4,996,152 | 10% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $48,343,622 | 95% |
| Management & general | $1,838,767 | 4% |
| Fundraising | $574,481 | 1% |
What the numbers show
- Program service revenue made up 83% of total revenue in FY2025.
- Program services accounted for 95% of functional expenses, management & general 4%, and fundraising 1%.
- 95% of functional expenses went to program services in FY2025. That is higher than 95.7% of 907 Arts, Culture & Humanities organizations nationwide (too few in NC for a state comparison).
- Net assets covered about 10.6 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 808 Arts, Culture & Humanities organizations in NC.
- Total revenue was the highest among 820 Arts, Culture & Humanities organizations in NC.
- Total revenue rose from $22,515,497 in FY2012 to $48,023,571 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2012, FY2015, FY2017, FY2020, FY2024, FY2025).
- The highest revenue on record here is $51,887,136 in FY2022.
- Net assets grew from $28,624,564 to $44,831,589 between FY2012 and FY2025.
- Contributions and grants made up 14% of revenue in FY2012 and 6% 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
SEE PART III LINE 1
IRS status
| Ruling year | 1988 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A61 — Arts, Culture & Humanities |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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