Knox Heritage Inc

Analysis

Knox Heritage Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Knox Heritage Inc reported income of $569k and spending of $522k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $569k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knox Heritage Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Future Farmers of America and Its State Associations & Local Chapter ($569k), Elkton Area United Services ($570k) and Richland Wilkin Emergency Food Pantry Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $126k. At year end it held assets of $3.4m against liabilities of $113k, net assets of $3.3m. It reported 4 employees.