Charlotte Soul Fest Inc

Nonprofit profile at a glance

EIN
881120463
IRS 990-EZ coverage
2025–2025
Forms available
Form 990-EZ 2025, Form 990-N 2024
Location
Charlotte, NC, USA
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$93,016
Expenses
$76,254
Assets
$16,826

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • KMarie Walters (President)

People named in this filing

  • KMarie Walters (President)
  • Andrea Simmons (Treasurer)
  • Iona Wilson (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charlotte Soul Fest Inc.s primary exempt purpose is to empower the Charlotte community by providing free accessible arts and cultural programming that celebrates Black artistic expression while using the arts as a bridge to connect residents to essential health housing and economic mobility resources. In the prior year the organization fulfilled this mission by producing Charlotte Soul Fest 2025 a free large-scale cultural festival featuring live music dance spoken word and visual arts; hosting the Soul Expressions Art Walk & Fair; facilitating cultural workshops; providing onsite health screenings and mammograms; supporting hunger relief and affordable housing outreach; and creating economic opportunities for local artists and small businesses. These program activities fostered cultural pride community wellness and upward mobility in alignment with the organizations tax-exempt purpose.

What it reported doing in 2025

Charlotte Soul Fest 2025 Annual Arts & Community Impact Festival Primary Program ServiceProgram Description: Charlotte Soul Fest 2025 represented the organizations primary program service and largest program expense during the prior year. It was a one-day free multidisciplinary arts and community impact festival presented at First Ward Park in Uptown Charlotte. The festival integrated live music dance spoken word and visual arts programming with health housing and community resource services to fulfill the organizations tax-exempt mission.Persons Benefited: Approximately 4,200 community members including more than 1,000 children and families.Services Provided and Accomplishments: Presented 10 live music performances 7 cultural dance workshops and 10 visual artists celebrating the African DiasporaFeatured two spoken word poetry performances and the Soul Expressions Art Walk & FairProvided 22 life-saving mammograms to uninsured and underinsured womenFacilitated blood donations resulting in 30 lives savedDonated 21,000 pounds of food to Second Harvest Food Bank of MetrolinaGenerated $34,000 in revenue for small businesses and creative entrepreneursDelivered onsite health screenings and vaccinationsConnected attendees to affordable housing financial literacy and community support servicesRemoved financial barriers to arts participation by offering all programming free of chargeCommunity and Cultural Impact: Through Charlotte Soul Fest 2025 the organization successfully activated public space with high-quality artistic programming strengthened the local creative economy expanded access to cultural experiences and used the arts as a bridge to improve community health stability and opportunity.SummaryDuring the prior year the organizations program service expenses were primarily dedicated to producing Charlotte Soul Fest 2025. This single comprehensive program encompassed all major artistic educational and community engagement activities in alignment with the organizations exempt purpose.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82%; rating input score 82
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 18%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 82% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.