Asian Culture Center of Tennessee

Analysis

Asian Culture Center of Tennessee is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 2015, 11 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 December 2023, Asian Culture Center of Tennessee reported income of $349k and spending of $249k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $215k to $349k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian Culture Center of Tennessee sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Oklahoma Museums Association ($349k), Seeds of Wisdom ($349k) and Collaborative Theatre Project Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 49% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.