TN Vol Manufactering Services Inc

Analysis

TN Vol Manufactering Services Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, TN Vol Manufactering Services Inc reported income of $3.7m and spending of $2.2m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, TN Vol Manufactering Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Riverview Industries Inc ($3.7m), Rainier Beach Community Empowerment ($3.7m) and Yerba Buena Community Benefit District ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $9.5m against liabilities of $8.0m, net assets of $1.5m. It reported 142 employees.