Charlotte Mecklenburg Police Foundation
Charlotte Mecklenburg Police Foundation experiences significant deficit and liability increase in latest fiscal period despite overall asset growth.
EIN: 200422513 · Charlotte, NC · NTEE: M24 · Updated: 2026-03-28
Is Charlotte Mecklenburg Police Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charlotte Mecklenburg Police Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charlotte Mecklenburg Police Foundation
Charlotte Mecklenburg Police Foundation (EIN: 200422513) is a nonprofit organization based in Charlotte, NC, classified under NTEE code M24. The organization reported total revenue of $2.7M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Mecklenburg Police Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Mecklenburg Police Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-1,027,497 |
| Total Assets | $2.5M |
| Total Liabilities | $1.6M |
| Net Assets | $842K |
| Operating Margin | -64.7% |
| Debt-to-Asset Ratio | 65.8% |
| Months of Reserves | 11.3 months |
Financial Health Grade: C
In 2023, Charlotte Mecklenburg Police Foundation reported a deficit of $1.0M with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 65.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Charlotte Mecklenburg Police Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.2% | +138.3% | +31.5% |
| 2022 | +272.8% | +176.8% | +7.6% |
| 2021 | -72.3% | -24.5% | -3.4% |
| 2020 | +14.4% | -29.6% | +60.2% |
| 2019 | +21.6% | +90.0% | +37.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Mecklenburg Police Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Charlotte Mecklenburg Police Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer leadership or compensation levels below IRS reporting thresholds, which is a positive sign for a nonprofit of this size regarding resource allocation.
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.
Red Flags
The following concerns were identified during AI analysis of Charlotte Mecklenburg Police Foundation's IRS 990 filings:
- Significant deficit in the 2023 fiscal period ($1,027,497, as expenses of $2,615,600 exceeded revenue of $1,588,103).
- Substantial increase in liabilities from $3,268 in 2022 to $1,620,553 in 2023, which could indicate new debt or significant commitments.
- Fluctuating financial performance with periods of significant deficits (e.g., 2023, 2017, 2015) and surpluses, suggesting potential instability in financial planning or revenue streams.
Strengths
The following positive indicators were identified for Charlotte Mecklenburg Police Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating good transparency and potentially efficient use of funds at the executive level.
- Significant growth in assets over the past decade, from $378,207 in 2017 to $2,462,337 in 2023, demonstrating an ability to build financial reserves.
- Overall revenue growth from $245,618 in 2014 to $1,588,103 in 2023 (latest filing), indicating increasing donor support and fundraising capacity.
Frequently Asked Questions about Charlotte Mecklenburg Police Foundation
Is Charlotte Mecklenburg Police Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlotte Mecklenburg Police Foundation (EIN: 200422513) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Charlotte Mecklenburg Police Foundation spend its money?
Charlotte Mecklenburg Police Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charlotte Mecklenburg Police Foundation tax-deductible?
Charlotte Mecklenburg Police Foundation is registered as a tax-exempt nonprofit (EIN: 200422513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities to $1,620,553 in the 2023 fiscal period?
The IRS 990 filing for 202312 shows a substantial jump in liabilities from $3,268 in 2022 to $1,620,553. Understanding the nature of these liabilities (e.g., grants payable, debt, deferred revenue) is crucial for assessing financial health.
Why did expenses ($2,615,600) significantly exceed revenue ($1,588,103) in the 2023 fiscal period?
The 202312 filing indicates a deficit of over $1 million. This could be due to one-time large program expenditures, investment losses, or a temporary dip in fundraising, and warrants further investigation into the specific expense categories.
What is the detailed breakdown of program, administrative, and fundraising expenses for the latest fiscal year?
While the overall expenses are known, a detailed breakdown is necessary to accurately assess the organization's spending efficiency and ensure a high percentage of funds are directed towards its mission-related programs.
Filing History
IRS 990 filing history for Charlotte Mecklenburg Police Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charlotte Mecklenburg Police Foundation's revenue has grown by 1089.5%, moving from $134K to $1.6M. Total assets increased by 1739.6% over the same period, from $134K to $2.5M. Total functional expenses rose by 2281.2%, from $110K to $2.6M. In its most recent filing year (2023), Charlotte Mecklenburg Police Foundation reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $2.5M in assets (debt-to-asset ratio: 65.8%), resulting in net assets of $842K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.6M | $2.5M | $1.6M | — | — |
| 2022 | $1.2M | $1.1M | $1.9M | $3K | — | View 990 |
| 2021 | $332K | $396K | $1.7M | $11K | — | View 990 |
| 2020 | $1.2M | $525K | $1.8M | $9K | — | View 990 |
| 2019 | $1.0M | $746K | $1.1M | $7K | — | View 990 |
| 2018 | $863K | $393K | $819K | $4K | — | View 990 |
| 2017 | $503K | $707K | $378K | $33K | — | View 990 |
| 2016 | $356K | $199K | $595K | $46K | — | View 990 |
| 2015 | $303K | $386K | $421K | $29K | — | View 990 |
| 2014 | $246K | $56K | $475K | $0 | — | View 990 |
| 2013 | $189K | $96K | $286K | $0 | — | View 990 |
| 2012 | $176K | $117K | $193K | $0 | — | View 990 |
| 2011 | $134K | $110K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.6M, and assets of $2.5M (revenue +28.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.9M (revenue +272.8% year-over-year).
- 2021: Revenue of $332K, expenses of $396K, and assets of $1.7M (revenue -72.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $525K, and assets of $1.8M (revenue +14.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $746K, and assets of $1.1M (revenue +21.6% year-over-year).
- 2018: Revenue of $863K, expenses of $393K, and assets of $819K (revenue +71.6% year-over-year).
- 2017: Revenue of $503K, expenses of $707K, and assets of $378K (revenue +41.3% year-over-year).
- 2016: Revenue of $356K, expenses of $199K, and assets of $595K (revenue +17.3% year-over-year).
- 2015: Revenue of $303K, expenses of $386K, and assets of $421K (revenue +23.5% year-over-year).
- 2014: Revenue of $246K, expenses of $56K, and assets of $475K (revenue +30.1% year-over-year).
- 2013: Revenue of $189K, expenses of $96K, and assets of $286K (revenue +7.2% year-over-year).
- 2012: Revenue of $176K, expenses of $117K, and assets of $193K (revenue +31.9% year-over-year).
- 2011: Revenue of $134K, expenses of $110K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Mecklenburg Police Foundation:
Data Sources and Methodology
This transparency report for Charlotte Mecklenburg Police Foundation 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.