Morristown Hamblen Central Services

Analysis

Morristown Hamblen Central Services is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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 December 2023, Morristown Hamblen Central Services reported income of $738k and spending of $755k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $738k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morristown Hamblen Central Services 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 76th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Peninsula Hawks Scholarship Fund ($738k), Christian Learning Center ($738k) and Virginia Polo Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (7.4% of expenses). Other salaries and wages came to $283k. At year end it held assets of $1.3m against liabilities of $15k, net assets of $1.3m. It reported 13 employees.