Knoxville Academy of Medicine Auxiliary Philanthropic Fund

Analysis

Knoxville Academy of Medicine Auxiliary Philanthropic Fund is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1982, 44 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 May 2024, Knoxville Academy of Medicine Auxiliary Philanthropic Fund reported income of $104k and spending of $108k, spending 104% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $86k to $104k (+20%), an average of +20% a year. The sharpest change came in the year to May 2024, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knoxville Academy of Medicine Auxiliary Philanthropic Fund sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Hendricks Civic Theatre Inc ($104k), Friends of the Stanford Daily Foundation ($104k) and Civitan Group Housing Inc 131 Cok STJ ($104k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.