Greater Kingsport Family Young Mens

Analysis

Greater Kingsport Family Young Mens is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in August 1984, 42 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, Greater Kingsport Family Young Mens reported income of $5.6m and spending of $5.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.6m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 22%. 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, Greater Kingsport Family Young Mens sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Boy Scouts of America ($5.6m), Rabbinical College of Telshe Inc ($5.6m) and Boys and Girls of North Lake Tahoe ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $153k (2.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.4m against liabilities of $1.3m, net assets of $9.1m. It reported 336 employees.