Charlotte Health Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,978,846 | 3,962,659 | 1,016,187 | 7.9 | 1% |
| 2022 | 5,855,634 | 4,216,692 | 1,638,942 | 12.1 | 1% |
| 2023 | 6,887,549 | 5,534,452 | 1,353,097 | 12.2 | 2% |
In its most recent public year (2023), this organization brought in $1,353,097 more than it spent. Its reserves stood at about 12.2 months of spending, up from 7.9 in 2021. Staff pay was 2% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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