Sustain Charlotte Inc
Sustain Charlotte Inc shows consistent growth and strong asset accumulation, with no reported officer compensation.
EIN: 10975452 · Charlotte, NC · NTEE: S31 · Updated: 2026-03-28
Is Sustain Charlotte Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sustain Charlotte Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sustain Charlotte Inc
Sustain Charlotte Inc (EIN: 10975452) is a nonprofit organization based in Charlotte, NC, classified under NTEE code S31. The organization reported total revenue of $709K and total assets of $918K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sustain Charlotte Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sustain Charlotte Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $762K |
| Total Expenses | $827K |
| Surplus / Deficit | $-64,472 |
| Total Assets | $1.0M |
| Total Liabilities | $139K |
| Net Assets | $900K |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2023, Sustain Charlotte Inc reported a deficit of $64K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | +8.6% | +6.6% |
| 2022 | +2.2% | +29.0% | +12.4% |
| 2021 | +35.3% | -0.3% | +56.8% |
| 2020 | +9.2% | +7.4% | +10.8% |
| 2019 | -3.2% | +8.5% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Sustain Charlotte Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Sustain Charlotte Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($762,073 revenue in 2023) and suggests either a fully volunteer executive leadership or compensation structured in a way not reported as officer compensation on the 990.
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 Sustain Charlotte Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($826,545 expenses vs. $762,073 revenue), indicating a deficit for that period.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Sustain Charlotte Inc:
- Consistent revenue growth over the past decade, from $227,313 in 2014 to $762,073 in 2023.
- Significant asset accumulation, growing from $95,136 in 2014 to $1,039,535 in 2023, indicating strong financial health.
- Reports 0% officer compensation across all available filings, suggesting a commitment to minimizing administrative overhead or strong volunteer leadership.
- Positive net assets, with assets consistently exceeding liabilities (e.g., $1,039,535 assets vs. $139,424 liabilities in 2023).
Frequently Asked Questions about Sustain Charlotte Inc
Is Sustain Charlotte Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sustain Charlotte Inc (EIN: 10975452) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Sustain Charlotte Inc spend its money?
Sustain Charlotte Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sustain Charlotte Inc tax-deductible?
Sustain Charlotte Inc is registered as a tax-exempt nonprofit (EIN: 10975452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sustain Charlotte Inc financially stable?
Yes, Sustain Charlotte Inc appears financially stable. It has consistently grown its revenue over the past decade, from $227,313 in 2014 to $762,073 in 2023, and has significantly increased its assets from $95,136 to $1,039,535 over the same period.
How does Sustain Charlotte Inc manage its executive compensation?
Sustain Charlotte Inc reports 0% officer compensation in all available IRS 990 filings, which is a strong indicator of either volunteer leadership or that executive compensation is categorized differently within their financial reporting.
Has the organization been growing?
Yes, the organization has shown significant growth. Its revenue has more than tripled from $227,313 in 2014 to $762,073 in 2023, and its assets have grown over tenfold from $95,136 to $1,039,535 in the same period.
Filing History
IRS 990 filing history for Sustain Charlotte Inc showing financial trends over 13 years of public records:
Total assets increased by 19666.8% over the same period, from $5K to $1.0M. In its most recent filing year (2023), Sustain Charlotte Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $139K in liabilities against $1.0M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $900K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $762K | $827K | $1.0M | $139K | — | — |
| 2022 | $883K | $761K | $975K | $90K | — | View 990 |
| 2021 | $864K | $590K | $867K | $22K | — | View 990 |
| 2020 | $639K | $592K | $553K | $15K | — | View 990 |
| 2019 | $585K | $551K | $499K | $22K | — | View 990 |
| 2018 | $604K | $508K | $454K | $24K | — | View 990 |
| 2017 | $477K | $388K | $362K | $28K | — | View 990 |
| 2016 | $369K | $304K | $213K | $71K | — | View 990 |
| 2015 | $214K | $233K | $235K | $159K | — | View 990 |
| 2014 | $227K | $161K | $95K | $0 | — | View 990 |
| 2013 | $128K | $108K | $32K | $2K | — | View 990 |
| 2012 | $45K | $38K | $10K | $881 | — | View 990 |
| 2011 | $0 | $0 | $5K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $762K, expenses of $827K, and assets of $1.0M (revenue -13.7% year-over-year).
- 2022: Revenue of $883K, expenses of $761K, and assets of $975K (revenue +2.2% year-over-year).
- 2021: Revenue of $864K, expenses of $590K, and assets of $867K (revenue +35.3% year-over-year).
- 2020: Revenue of $639K, expenses of $592K, and assets of $553K (revenue +9.2% year-over-year).
- 2019: Revenue of $585K, expenses of $551K, and assets of $499K (revenue -3.2% year-over-year).
- 2018: Revenue of $604K, expenses of $508K, and assets of $454K (revenue +26.6% year-over-year).
- 2017: Revenue of $477K, expenses of $388K, and assets of $362K (revenue +29.3% year-over-year).
- 2016: Revenue of $369K, expenses of $304K, and assets of $213K (revenue +72.5% year-over-year).
- 2015: Revenue of $214K, expenses of $233K, and assets of $235K (revenue -5.8% year-over-year).
- 2014: Revenue of $227K, expenses of $161K, and assets of $95K (revenue +77.5% year-over-year).
- 2013: Revenue of $128K, expenses of $108K, and assets of $32K (revenue +184.1% year-over-year).
- 2012: Revenue of $45K, expenses of $38K, and assets of $10K.
- 2011: Revenue of $0, expenses of $0, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sustain Charlotte Inc:
Data Sources and Methodology
This transparency report for Sustain Charlotte 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.