Knoxville Entrepreneur Center

Analysis

Knoxville Entrepreneur Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Knoxville Entrepreneur Center reported income of $1.0m and spending of $1.1m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $668k to $1.0m (+56%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knoxville Entrepreneur Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Ace Charter School Foundation Inc ($1.0m), American Indian Christian Mission ($1.0m) and Association of Inspectors General ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. At year end it held assets of $515k against liabilities of $138k, net assets of $377k.