Theatre Knoxville Inc

Analysis

Theatre Knoxville Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theatre Knoxville Inc reported income of $129k and spending of $98k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $129k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatre Knoxville Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Dayton Rotary Club Foundation ($129k), Wayland High School Scholarship Committee ($129k) and Welcome Inn Leisure Center Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $62k against liabilities of $20k, net assets of $42k.