Ladies of Charity of Chatanooga Inc

Analysis

Ladies of Charity of Chatanooga Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ladies of Charity of Chatanooga Inc reported income of $246k and spending of $172k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $246k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ladies of Charity of Chatanooga Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Ferris Music Parents Association ($246k), Little League Baseball Inc ($246k) and Volunteers of America Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $15k. At year end it held assets of $598k against liabilities of $2,708, net assets of $595k. It reported 7 employees.