Tennessee Valley Agricultural & Industrial Fair

Analysis

Tennessee Valley Agricultural & Industrial Fair is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 1943, 83 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Tennessee Valley Agricultural & Industrial Fair reported income of $2.5m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 702%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tennessee Valley Agricultural & Industrial Fair sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Garment Worker Center ($2.5m), Furniture Bank of Metro Atlanta Inc ($2.5m) and Stempower Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $137k (6.1% of expenses). Other salaries and wages came to $365k. At year end it held assets of $1.9m against liabilities of $59k, net assets of $1.8m. It reported 176 employees.