Overview
What is Charlotte Area Fund Inc?
Charlotte Area Fund Inc, serving as Mecklenburg County's designated Community Action Agency, is a nonprofit organization located in Charlotte, North Carolina. Their primary mission is to help economically disadvantaged citizens by providing them with necessary skills and abilities to achieve self-sufficiency. To achieve this, they conduct intake sessions for applicants, offering programs and services that have led 30 families to surpass the poverty level, 42 individuals to secure employment, and 16 more to obtain better employment opportunities. Furthermore, the organization offers education and training programs, with 63 individuals completing these programs and 2 individuals securing housing as a result. In total, the Charlotte Area Fund Inc employs 22 individuals to carry out these impactful initiatives.
Official website here: www.charlotteareafund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Charlotte Area Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization’s overall score is based entirely on its accountability and finance metrics, indicating a thorough evaluation of its governance practices and fiscal responsibility.
Strengths of the organization include a fully independent board, with all members meeting the criteria for independence. The charity also scored perfectly in areas such as financial oversight, lack of material asset diversion, and the presence of essential policies, including conflict of interest and whistleblower protections. High program expense ratios suggest that a significant portion of funding is directed toward its mission, enhancing its credibility as a nonprofit.
While the data highlights numerous strengths, no specific limitations or weaknesses are noted in the available information. This suggests that Charlotte Area Fund Inc maintains a strong operational framework, positioning it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Charlotte Area Fund Inc?
94% of 11 reviewers on Facebook recommend Charlotte Area Fund Inc. Here is a summary of their reviews:
The nonprofit is recognized for its genuine commitment to community support. Many users highlight the impactful services provided, emphasizing the organization's dedication to uplifting those in need and making a positive difference.
Overall, the sentiment is overwhelmingly positive, with reviewers appreciating the organization's efforts to give back and its effective outreach within the community.
This AI summary has been generated from reviews found on Facebook.
Is Charlotte Area Fund Inc legitimate?
Charlotte Area Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Area Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $858,941
For more financial information, click here
Official website here: www.charlotteareafund.org
What is the mission statement of Charlotte Area Fund Inc?
The Charlotte Area Fund Inc, acting as the designated community action agency in Mecklenburg County, is committed to providing programs and services that aid economically disadvantaged citizens. Their mission is to assist these individuals in acquiring the necessary skills and abilities to become self-sufficient. Through their initiatives, they have seen positive outcomes, with 30 families moving above the poverty level, 42 securing employment, and 16 obtaining better employment. Furthermore, 63 completed education or training programs, and 2 individuals found secured housing.
Official website here: www.charlotteareafund.org
Who is the CEO of Charlotte Area Fund Inc?
Nicholas Wharton is the Principal Officer of Charlotte Area Fund Inc.
Official website here: www.charlotteareafund.org
What is the revenue of Charlotte Area Fund Inc?
Charlotte Area Fund Inc's revenue in 2022 was $2,384,758.
Official website here: www.charlotteareafund.org
Who are the executives of Charlotte Area Fund Inc and what are their salaries?
The average compensation at Charlotte Area Fund Inc during 2022 was $39,043. There are 22 employees and 87 volunteers at Charlotte Area Fund Inc.
Here are 16 key members and their salaries:
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Official website here: www.charlotteareafund.org
Where can I find the form 990 for Charlotte Area Fund Inc?
Charlotte Area Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charlotteareafund.org
Learn more at the official website: www.charlotteareafund.org
Mission Statement of Charlotte Area Fund Inc
Charlotte Area Fund Inc, serving as Mecklenburg County's designated Community Action Agency, is dedicated to providing programs and services that aid economically disadvantaged citizens in attaining the necessary skills and abilities to become self-sufficient. This mission is geared towards empowering individuals to break free from poverty and achieve financial independence.
Through its initiatives, Charlotte Area Fund Inc has demonstrated significant success in helping its clients. The organization has conducted intake for 139 applicants, resulting in 30 families rising above the poverty line due to their participation. Furthermore, 42 individuals secured employment, and 16 were able to obtain better employment opportunities. In addition to these employment-focused achievements, 63 education and training programs were completed by participants.
The work of Charlotte Area Fund Inc extends beyond just employment and education. The organization also plays a crucial role in helping individuals secure housing, with 2 families successfully obtaining housing as a direct result of their involvement with the nonprofit. Overall, Charlotte Area Fund Inc's mission is to provide the tools and resources necessary for economically disadvantaged citizens to transform their lives and achieve self-sufficiency.
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Impact
July, 2024
Charlotte Area Fund Inc's impact lies in its dedication to assisting economically disadvantaged citizens in Mecklenburg County to become self-sufficient. Through their programs and services, they have helped 30 families rise above the poverty level, facilitated employment for 42 individuals, and upgraded the job status of 16 participants. Additionally, 63 education and training programs were completed, and two individuals secured housing with their support. This tangible impact demonstrates the organization's commitment to empowering individuals and strengthening the community.
This information is meant to be a general summary of Charlotte Area Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,384,758
Assets and Liabilities:
- Total Assets: $1,275,759
- Total Liabilities: $235,858
- Net Assets: $1,039,901
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Organization Details
Founding Year
1963
Phone
(704) 372-3010Principal Officer
Nicholas Wharton
Main Address
PO BOX 34188, CHARLOTTE, NC, 282344188
Website
www.charlotteareafund.orgNTEE Category
Code: P200 - Human services
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