Knoxville News-Sentinel Charities Inc

Analysis

Knoxville News-Sentinel Charities Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Knoxville News-Sentinel Charities Inc reported income of $163k and spending of $190k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $305k to $163k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knoxville News-Sentinel Charities Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include Little Tree Farm and Retreat ($163k), Mahp Foundation ($163k) and Texas Wine Revolution ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $570k against liabilities of $169k, net assets of $401k.