Knox Youth Sports Inc

Analysis

Knox Youth Sports Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Knox Youth Sports Inc reported income of $686k and spending of $684k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $561k to $686k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Knox Youth Sports Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Washington State Parks Foundation ($686k), Macungie Memorial Park Association ($687k) and Oahc Inc ($685k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $36k. At year end it held assets of $656k against liabilities of $26k, net assets of $630k. It reported 25 employees.