Charlotte Hornets Foundation Inc
Charlotte Hornets Foundation sees significant revenue and asset growth with no officer compensation.
EIN: 200946449 · Charlotte, NC · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $399K |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Charlotte Hornets Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Charlotte Hornets Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Charlotte Hornets Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.3M and expenses of $399K.
Revenue and Expenses
Charlotte Hornets Foundation Inc reported $1.3M in revenue and $399K in expenses, a surplus of $947K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Charlotte Hornets Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $339K (85%) |
Across stored filings, Charlotte Hornets Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Next Best Actions
Keep the Investigation Moving
Charlotte Hornets Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charlotte Hornets Foundation Inc
Charlotte Hornets Foundation Inc (EIN: 200946449) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T12. The organization reported total revenue of $1.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Hornets Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Hornets Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $399K |
| Surplus / Deficit | +$947K |
| Total Assets | $1.9M |
| Total Liabilities | $317K |
| Net Assets | $1.6M |
| Operating Margin | 70.3% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 57.4 months |
Financial Health Grade: A
In 2023, Charlotte Hornets Foundation Inc reported a surplus of $947K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Charlotte Hornets Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +227.8% | +44.2% | +105.1% |
| 2022 | +135.9% | +28.9% | -1.8% |
| 2021 | -46.8% | -51.6% | +68.8% |
| 2020 | -47.4% | -6.1% | -41.2% |
| 2019 | +56.5% | +8.7% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hornets Foundation Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Charlotte Hornets Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $947K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is a strong positive for a nonprofit of its size, suggesting a high dedication to program spending.
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 Hornets Foundation Inc:
- Significant revenue growth in the latest period (202309 revenue of $1,346,185).
- Strong asset accumulation, reaching $1,909,998 in 202309.
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Expenses ($399,294 in 202309) are well below revenue, allowing for financial growth.
- Positive net assets, with assets consistently exceeding liabilities.
Frequently Asked Questions about Charlotte Hornets Foundation Inc
Is Charlotte Hornets Foundation Inc a legitimate charity?
Charlotte Hornets Foundation Inc (EIN: 200946449) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Charlotte Hornets Foundation Inc spend its money?
Charlotte Hornets Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Charlotte Hornets Foundation Inc tax-deductible?
Charlotte Hornets Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200946449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charlotte Hornets Foundation Inc's spending goes to programs?
Charlotte Hornets Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Charlotte Hornets Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Charlotte Hornets Foundation Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charlotte Hornets Foundation Inc located?
Charlotte Hornets Foundation Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 200946449. It is classified under NTEE code T12.
How many years of IRS 990 filings does Charlotte Hornets Foundation Inc have?
Charlotte Hornets Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is the Charlotte Hornets Foundation Inc. financially stable?
Yes, the foundation appears financially stable, especially given its substantial revenue increase to $1,346,185 and asset growth to $1,909,998 in the 202309 period, alongside relatively low expenses.
How does the foundation manage its administrative costs?
With 0% officer compensation reported, the foundation demonstrates a strong commitment to minimizing administrative overhead, allowing more funds to be directed to its programs.
Has the foundation's financial health improved recently?
Yes, the foundation has shown significant financial improvement, with revenue more than tripling and assets nearly doubling from 202209 to 202309.
Filing History
IRS 990 filing history for Charlotte Hornets Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charlotte Hornets Foundation Inc's revenue has grown by 253.3%, moving from $381K to $1.3M. Total assets increased by 441% over the same period, from $353K to $1.9M. Total functional expenses rose by 74.4%, from $229K to $399K. In its most recent filing year (2023), Charlotte Hornets Foundation Inc reported a surplus of $947K, with revenue exceeding expenses. The organization holds $317K in liabilities against $1.9M in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $399K | $1.9M | $317K | — | — |
| 2022 | $411K | $277K | $931K | $285K | — | View 990 |
| 2021 | $174K | $215K | $949K | $480K | — | View 990 |
| 2020 | $327K | $444K | $562K | $53K | — | — |
| 2019 | $623K | $473K | $956K | $352K | — | View 990 |
| 2018 | $398K | $435K | $872K | $481K | — | View 990 |
| 2017 | $406K | $340K | $754K | $197K | — | View 990 |
| 2016 | $460K | $549K | $737K | $246K | — | View 990 |
| 2015 | $548K | $605K | $1.0M | $444K | — | View 990 |
| 2014 | $1.0M | $800K | $979K | $342K | — | View 990 |
| 2013 | $562K | $438K | $626K | $222K | — | View 990 |
| 2012 | $244K | $317K | $409K | $129K | — | View 990 |
| 2011 | $381K | $229K | $353K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $399K, and assets of $1.9M (revenue +227.8% year-over-year).
- 2022: Revenue of $411K, expenses of $277K, and assets of $931K (revenue +135.9% year-over-year).
- 2021: Revenue of $174K, expenses of $215K, and assets of $949K (revenue -46.8% year-over-year).
- 2020: Revenue of $327K, expenses of $444K, and assets of $562K (revenue -47.4% year-over-year).
- 2019: Revenue of $623K, expenses of $473K, and assets of $956K (revenue +56.5% year-over-year).
- 2018: Revenue of $398K, expenses of $435K, and assets of $872K (revenue -2.0% year-over-year).
- 2017: Revenue of $406K, expenses of $340K, and assets of $754K (revenue -11.7% year-over-year).
- 2016: Revenue of $460K, expenses of $549K, and assets of $737K (revenue -16.1% year-over-year).
- 2015: Revenue of $548K, expenses of $605K, and assets of $1.0M (revenue -46.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $800K, and assets of $979K (revenue +83.8% year-over-year).
- 2013: Revenue of $562K, expenses of $438K, and assets of $626K (revenue +130.3% year-over-year).
- 2012: Revenue of $244K, expenses of $317K, and assets of $409K (revenue -36.0% year-over-year).
- 2011: Revenue of $381K, expenses of $229K, and assets of $353K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Hornets Foundation Inc:
Data Sources and Methodology
This transparency report for Charlotte Hornets Foundation Inc 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.