Knoxville College

Analysis

Knoxville College is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Knoxville College reported income of $859k and spending of $1.1m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $358k to $859k (+140%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 1150%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knoxville College sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Ledyard Charter School of Lebanon ($859k), Little Shepherds Incorporated ($859k) and Chase Academy Inc ($859k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $201k (18% of expenses). Other salaries and wages came to $129k. At year end it held assets of $3.5m against liabilities of $5.6m, net assets of -$2.1m. It reported 22 employees.