Charlotte Area Ultimate Association
Charlotte Area Ultimate Association maintains strong financial health with zero liabilities and no reported officer compensation.
EIN: 203801566 · Charlotte, NC · NTEE: N60 · Updated: 2026-03-28
Is Charlotte Area Ultimate Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charlotte Area Ultimate Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charlotte Area Ultimate Association
Charlotte Area Ultimate Association (EIN: 203801566) is a nonprofit organization based in Charlotte, NC, classified under NTEE code N60. The organization reported total revenue of $196K and total assets of $77K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Area Ultimate Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Area Ultimate Association is a small nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $142K |
| Surplus / Deficit | +$3K |
| Total Assets | $80K |
| Net Assets | $80K |
| Operating Margin | 2.0% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Charlotte Area Ultimate Association reported a surplus of $3K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Charlotte Area Ultimate Association's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +12.0% | +3.7% |
| 2022 | +129.8% | +93.4% | +17.9% |
| 2021 | +237.3% | +147.5% | -7.4% |
| 2020 | -74.8% | -50.3% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charlotte Area Ultimate Association with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Charlotte Area Ultimate Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer categories, which is highly efficient for an organization of its size with revenues around $140,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Charlotte Area Ultimate Association:
- Zero liabilities reported across all filings, indicating excellent financial stability.
- Consistent 0% officer compensation, suggesting highly efficient operations and volunteer leadership.
- Positive net assets and consistent asset growth, from $70,612 in 2020 to $79,927 in 2023.
- Strong recovery and growth in revenue and expenses post-2020, demonstrating resilience and active programming.
- High program spending efficiency due to minimal administrative overhead.
Frequently Asked Questions about Charlotte Area Ultimate Association
Is Charlotte Area Ultimate Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlotte Area Ultimate Association (EIN: 203801566) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Charlotte Area Ultimate Association spend its money?
Charlotte Area Ultimate Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charlotte Area Ultimate Association tax-deductible?
Charlotte Area Ultimate Association is registered as a tax-exempt nonprofit (EIN: 203801566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Charlotte Area Ultimate Association a good charity?
Based on its financial data, Charlotte Area Ultimate Association appears to be a very good charity. It consistently operates without debt, has growing assets, and reports 0% officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How does the organization manage its finances without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990 form. This significantly reduces administrative costs and allows more funds to be directed towards programs.
What is the trend in the organization's revenue and expenses?
The organization has shown significant growth in revenue and expenses since 2020, recovering strongly from a dip during that period. Revenue increased from $17,833 in 2020 to $144,536 in 2023, with expenses generally tracking closely, indicating active program delivery.
Filing History
IRS 990 filing history for Charlotte Area Ultimate Association showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Charlotte Area Ultimate Association's revenue has grown by 104.3%, moving from $71K to $145K. Total assets increased by 0.9% over the same period, from $79K to $80K. Total functional expenses rose by 166.2%, from $53K to $142K. In its most recent filing year (2023), Charlotte Area Ultimate Association reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $142K | $80K | $0 | — | — |
| 2022 | $138K | $127K | $77K | $0 | — | View 990 |
| 2021 | $60K | $65K | $65K | $0 | — | View 990 |
| 2020 | $18K | $26K | $71K | $0 | — | — |
| 2019 | $71K | $53K | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $142K, and assets of $80K (revenue +4.6% year-over-year).
- 2022: Revenue of $138K, expenses of $127K, and assets of $77K (revenue +129.8% year-over-year).
- 2021: Revenue of $60K, expenses of $65K, and assets of $65K (revenue +237.3% year-over-year).
- 2020: Revenue of $18K, expenses of $26K, and assets of $71K (revenue -74.8% year-over-year).
- 2019: Revenue of $71K, expenses of $53K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Area Ultimate Association:
Data Sources and Methodology
This transparency report for Charlotte Area Ultimate Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.