Engage Kingsport Inc

Analysis

Engage Kingsport Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Engage Kingsport Inc reported income of $58k and spending of $36k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $183k to $58k (-68%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 86%. Over the whole period it spent 163% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Engage Kingsport Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include Middle Tennessee Choral Society Inc 825 S Church St ($58k), Aco US Inc ($58k) and Brenham Main St Historical Preservation Inc ($58k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 31% of the total. At year end it held assets of $67k against liabilities of $3,638, net assets of $64k.