Honorair - Knoxville Inc

Analysis

Honorair - Knoxville Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Honorair - Knoxville Inc reported income of $151k and spending of $283k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $151k (-56%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honorair - Knoxville Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Dominion Foundation for Christian Science Nursing Inc ($151k), Onesimus Ministries of Norfolk Inc ($151k) and Pleasant Grove Missionary Church ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. At year end it held assets of $558k against liabilities of $202, net assets of $558k.