Variety of Eastern Tennessee

Analysis

Variety of Eastern Tennessee is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Variety of Eastern Tennessee reported income of $815k and spending of $525k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $624k to $815k (+31%), an average of +6.9% a year. The sharpest change came in the year to September 2022, when income rose by 2166%. Over the whole period it spent 71% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Variety of Eastern Tennessee sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Coatesville Youth Initiative ($815k), 3e Funding Inc ($816k) and Hearty Roots Inc ($815k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (10% of expenses). At year end it held assets of $1.1m against liabilities of $2,658, net assets of $1.1m. It reported 1 employees.