Greater Kingsport Alliance for Development Inc

Analysis

Greater Kingsport Alliance for Development Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in October 1989, 37 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 March 2024, Greater Kingsport Alliance for Development Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $796k to $1.1m (+44%), an average of +7.6% a year. The sharpest change came in the year to March 2021, when income rose by 152%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Kingsport Alliance for Development Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Victoria Christian School ($1.1m), A Milton Miller Memorial Fund Inc ($1.1m) and Los Alamos Family Council Inc ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $132k. At year end it held assets of $4.1m against liabilities of $3.1m, net assets of $939k.