Knox Area Rescue Ministries

Analysis

Knox Area Rescue Ministries is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1964, 62 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Knox Area Rescue Ministries reported income of $42.8m and spending of $38.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.0m to $42.8m (+104%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Knox Area Rescue Ministries sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Episcopal Communities & Services for Seniors ($42.7m), Heritage Housing Partners ($43.2m) and Cardinal Bay Inc ($42.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $449k (1.2% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $45.5m against liabilities of $16.6m, net assets of $28.9m. It reported 1,189 employees.