Charlotte Transgender Healthcare Group
EIN: 850624640 · Charlotte, NC · NTEE: E01
Is Charlotte Transgender Healthcare Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charlotte Transgender Healthcare Group
Charlotte Transgender Healthcare Group (EIN: 850624640) is a nonprofit organization based in Charlotte, NC, classified under NTEE code E01. The organization reported total revenue of $765K and total assets of $265K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Transgender Healthcare Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Transgender Healthcare Group is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 331.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $190K |
| Surplus / Deficit | +$36K |
| Total Assets | $89K |
| Total Liabilities | $475 |
| Net Assets | $89K |
| Operating Margin | 16.0% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Charlotte Transgender Healthcare Group reported a surplus of $36K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Charlotte Transgender Healthcare Group's revenue has grown at a compound annual growth rate (CAGR) of 331.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +331.1% | +1942.4% | +72.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charlotte Transgender Healthcare Group 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 Transgender Healthcare Group 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 surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Charlotte Transgender Healthcare Group
Is Charlotte Transgender Healthcare Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlotte Transgender Healthcare Group (EIN: 850624640) insufficient data. 0 red flags identified, 0 strengths noted.
How does Charlotte Transgender Healthcare Group spend its money?
Detailed spending breakdown data is not yet available for Charlotte Transgender Healthcare Group. Check back for updated IRS 990 analysis.
Are donations to Charlotte Transgender Healthcare Group tax-deductible?
Charlotte Transgender Healthcare Group is registered as a tax-exempt nonprofit (EIN: 850624640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Charlotte Transgender Healthcare Group showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Charlotte Transgender Healthcare Group's revenue has grown by 331.1%, moving from $52K to $226K. Total assets increased by 72.9% over the same period, from $52K to $89K. Total functional expenses rose by 1942.4%, from $9K to $190K. In its most recent filing year (2023), Charlotte Transgender Healthcare Group reported a surplus of $36K, with revenue exceeding expenses. The organization holds $475 in liabilities against $89K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $226K | $190K | $89K | $475 | — | — |
| 2022 | $52K | $9K | $52K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Charlotte Transgender Healthcare Group 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.