Chattanooga Design Studio

Analysis

Chattanooga Design Studio is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Chattanooga Design Studio reported income of $667k and spending of $1.0m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $667k (-36%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chattanooga Design Studio 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 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Retail Arts Innovation & Livability Community Development Corporation ($666k), Morningstars Development Company Inc ($667k) and Citizens for Community Values Inc ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (12% of expenses). At year end it held assets of $355k against liabilities of $44k, net assets of $310k. It reported 12 employees.