Knoxville Choral Society Inc

Analysis

Knoxville Choral Society Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Knoxville Choral Society Inc reported income of $87k and spending of $85k, spending 98% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $56k to $87k (+56%), an average of +56% a year. The sharpest change came in the year to July 2023, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knoxville Choral Society Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Belfast Maskers ($87k), Ashland Poage Landing Days Festival Inc ($87k) and Venice Canals Association ($87k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 55% and program service revenue 21% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.