Legal Aid of East Tennessee Inc

Analysis

Legal Aid of East Tennessee Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 1982, 44 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, Legal Aid of East Tennessee Inc reported income of $7.3m and spending of $7.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $7.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legal Aid of East Tennessee Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Beis Sefer Govoha Lebanos Sara Schenirer ($7.3m), Friends of the Historic Genesee Theatre ($7.3m) and Ky Hospital Research & Education Foundation Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $549k (7.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $3.8m against liabilities of $2.1m, net assets of $1.7m. It reported 86 employees.