CHARLOTTE CENTER FOR LITERARY ARTS INC

EIN: 474988291 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$483,284
Total Expenses
$371,186
Total Assets
$324,112
Net Assets
$321,756
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
Paul Reali
Phone
7043259798
Tax Period
2025-01-01 to 2025-12-31

CHARLOTTE CENTER FOR LITERARY ARTS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $483K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 23% operating margin.

Mission

Charlotte Lit's mission is to celebrate the literary arts by educating and engaging writers and readers through classes, conversations, and community.

Program Service Accomplishments

Program 1
Expenses: $104,555 Revenue: $115,471

LABS. Charlotte Lit's labs are year-long immersions that combine classes, coaching, and a supportive cohort community. Authors Lab is for writers working on a novel or memoir. Chapbook Lab is for...

Read more

LABS. Charlotte Lit's labs are year-long immersions that combine classes, coaching, and a supportive cohort community. Authors Lab is for writers working on a novel or memoir. Chapbook Lab is for poets building a collection. Publishing Lab is for past Authors Lab writers who are working to get their books and other writing published. Writers in each cohort attend craft classes as a group, receive individual coaching and feedback on their writing, and experience extensive support from their peer group. Authors Lab had 18 writers in the 2025 cohort; Chapbook Lab had 10; Publishing Lab had 15. All Lab programs are fee-based with scholarships available.

Program 2
Expenses: $14,765 Revenue: $30,980

CLASSES. Charlotte Lit provides more than 100 classes per year, half of them free. Three-quarters are targeted to writers who wish to improve their craft or learn about the business side of being a...

Read more

CLASSES. Charlotte Lit provides more than 100 classes per year, half of them free. Three-quarters are targeted to writers who wish to improve their craft or learn about the business side of being a writer, with another quarter targeted to anyone who appreciates literature or wants to explore their world through literature. Weekly, Charlotte Lit offers a free writing session called Pen to Paper, which draws more than 1000 people annually, mostly from the Charlotte region but also nationwide.

Program 3
Expenses: $17,421 Revenue: $4,134

PUBLISHING. Charlotte Lit Press published the fifth issue (Spring 2025) of "Litmosphere: Journal of Charlotte Lit" online, with 32 contributors. Charlotte Lit Press also publishes poetry collections...

Read more

PUBLISHING. Charlotte Lit Press published the fifth issue (Spring 2025) of "Litmosphere: Journal of Charlotte Lit" online, with 32 contributors. Charlotte Lit Press also publishes poetry collections: in 2025, three chapbooks by local writers and a full collection by poet Lola Haskins.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $326,400
Program Service Revenue $152,573
Investment Income $4,311
Other Revenue $0
TOTAL REVENUE $483,284

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,199
Fundraising Expenses $0
Program Expenses $156,480
Other Expenses $228,987
TOTAL EXPENSES $371,186

Year-over-Year Comparison

2025 2024 Change
Revenue $483,284 $436,282 +0.1%
Expenses $371,186 $359,471 +0.0%
Net Income $112,098 $76,811 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$20,600
Total Directors
6
$0
Key Employees
1
$83,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Reali Co-founder, Executive Director 40
Key Emp Highest
$83,500 $0 $83,500
Kathryn Collins Co-founder, Board Chair, Creative Director 30
Officer
$20,600 $0 $20,600
Edwin Williams Board Member 1
Director
$0 $0 $0
Marsha Rhee Board Member 1
Director
$0 $0 $0
Louanne Woznicki Board Member 1
Director
$0 $0 $0
Christine Arvidson Board Secretary 1
Officer Director
$0 $0 $0
Deborah Bosley Board Treasurer 1
Officer Director
$0 $0 $0
LeeFredrick Bowen Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $483,284 $371,186 $324,112 $112,098
2024 $436,282 $359,471 $206,986 $76,811
2023 $346,296 $339,740 $131,908 $6,556
2022 $349,082 $363,090 $117,409 $-14,008
2021 $221,286 $199,417 $139,099 $21,869
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CHARLOTTE CENTER FOR LITERARY ARTS INC with other nonprofits in North Carolina and across the country.