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

$1.1MRevenue

$1.6MAssets

90/100Mission Score (Excellent)

T12

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.

AI Transparency Report

The Charlotte Hornets Foundation Inc. demonstrates a generally healthy financial position, with significant growth in revenue and assets in its most recent filing period (202309). Revenue increased from $410,729 in 202209 to $1,346,185 in 202309, while assets grew from $931,076 to $1,909,998 over the same period. This indicates strong fundraising or other income-generating activities. The organization also shows efficient spending, with expenses in 202309 ($399,294) being considerably lower than its revenue, allowing for asset accumulation and future program investment. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.

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.

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 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.	PDF
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.

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.