Tennessee Advanced Energy Business Council

Analysis

Tennessee Advanced Energy Business Council is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Tennessee Advanced Energy Business Council reported income of $311k and spending of $349k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $275k to $311k (+13%), an average of +13% a year. Over the whole period it spent 106% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Tennessee Advanced Energy Business Council sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Colorado Association for Recycling Inc ($311k), Izaak Walton League of America Inc ($312k) and Houston Parks Board Foundation ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $2,000 (0.6% of expenses). At year end it held assets of $72k against liabilities of $0, net assets of $72k.