Charlotte Rescue Mission Social Enterprise
EIN: 822674790 · Charlotte, NC · NTEE: P11
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.9M |
| Net Assets | $-2,374,553 |
Is Charlotte Rescue Mission Social Enterprise Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charlotte Rescue Mission Social Enterprise
Charlotte Rescue Mission Social Enterprise (EIN: 822674790) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P11. The organization reported total revenue of $1.4M and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Rescue Mission Social Enterprise's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Rescue Mission Social Enterprise is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-543,488 |
| Total Assets | $325K |
| Total Liabilities | $2.7M |
| Net Assets | $-2,374,553 |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 830.0% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Charlotte Rescue Mission Social Enterprise reported a deficit of $543K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 830.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | +4.9% | -20.9% |
| 2022 | +15.9% | +27.1% | -23.6% |
| 2021 | -5.2% | +5.3% | +20.7% |
| 2020 | +830.2% | +120.8% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charlotte Rescue Mission Social Enterprise has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charlotte Rescue Mission Social Enterprise with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $543K, with expenses exceeding revenue.
- Debt-to-asset ratio: 830.0%.
Frequently Asked Questions about Charlotte Rescue Mission Social Enterprise
Is Charlotte Rescue Mission Social Enterprise a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlotte Rescue Mission Social Enterprise (EIN: 822674790) insufficient data. 0 red flags identified, 0 strengths noted.
How does Charlotte Rescue Mission Social Enterprise spend its money?
Detailed spending breakdown data is not yet available for Charlotte Rescue Mission Social Enterprise. Check back for updated IRS 990 analysis.
Are donations to Charlotte Rescue Mission Social Enterprise tax-deductible?
Charlotte Rescue Mission Social Enterprise is registered as a tax-exempt nonprofit (EIN: 822674790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charlotte Rescue Mission Social Enterprise located?
Charlotte Rescue Mission Social Enterprise is headquartered in Charlotte, North Carolina and files with the IRS under EIN 822674790. It is classified under NTEE code P11.
How many years of IRS 990 filings does Charlotte Rescue Mission Social Enterprise have?
Charlotte Rescue Mission Social Enterprise has 6 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Charlotte Rescue Mission Social Enterprise showing financial trends over 6 years of public records:
Total assets increased by 32526100% over the same period, from $1 to $325K. In its most recent filing year (2023), Charlotte Rescue Mission Social Enterprise reported a deficit of $543K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $325K in assets (debt-to-asset ratio: 830.0%), resulting in net assets of $-2,374,553.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.9M | $325K | $2.7M | — | View 990 |
| 2022 | $1.2M | $1.8M | $411K | $2.2M | — | View 990 |
| 2021 | $1.0M | $1.4M | $538K | $1.7M | — | View 990 |
| 2020 | $1.1M | $1.3M | $446K | $1.2M | — | View 990 |
| 2019 | $114K | $610K | $404K | $900K | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.9M, and assets of $325K (revenue +15.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.8M, and assets of $411K (revenue +15.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.4M, and assets of $538K (revenue -5.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $446K (revenue +830.2% year-over-year).
- 2019: Revenue of $114K, expenses of $610K, and assets of $404K.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Rescue Mission Social Enterprise:
Data Sources and Methodology
This transparency report for Charlotte Rescue Mission Social Enterprise 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.