Charitocracy Corporation
- Assets
- $44.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kill Devil Hills, NC
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 81-0956274
Organization Overview
Charitocracy Corporation is located in Kill Devil Hills, NC. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charitocracy Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Charitocracy Corporation generated $30.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $22.8k during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CHARITOCRACY RAISES FUNDS AND MAKES DISTRIBUTIONS TO OTHER CHARITIES. DONORS POOL THEIR MONTHLY DONATIONS, LEARN ABOUT NOMINATED CAUSES, AND VOTE ON WHICH CHARITABLE CAUSE SHOULD RECEIVE THE COLLECTIVE DONATIONS EACH MONTH VIA THE CHARITOCRACY.ORG WEBSITE. WE SERVED 473 DONORS AND 24 GRANT-RECIPIENT CAUSES IN 2022.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,079 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $363 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,442 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $145 |
| Other expenses | $3,741 |
| Total expenses | $22,790 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,380 |
| Other assets | $0 |
| Total assets | $44,057 |
| Total liabilities | $64 |
| Net assets or fund balances | $43,993 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charitocracy Corporation has recieved totaling $240.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $120 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |
Carlson Family Foundation Inc Chapel Hill, NC | $18,562,081 | $1,116,272 |