Douglas-Cherokee Economic Authority Inc

Analysis

Douglas-Cherokee Economic Authority Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Douglas-Cherokee Economic Authority Inc reported income of $30.4m and spending of $30.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.2m to $30.4m (+26%), an average of +5.9% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Douglas-Cherokee Economic Authority Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Tarbut Vtorah Community Day School ($30.3m), Severn School Inc ($30.4m) and Webb School of Knoxville ($30.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.1% of the total. Other salaries and wages came to $11.4m. At year end it held assets of $17.4m against liabilities of $1.3m, net assets of $16.1m. It reported 710 employees.