Mountain Valley Economic Opportunity Authority

Analysis

Mountain Valley Economic Opportunity Authority is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mountain Valley Economic Opportunity Authority reported income of $553k and spending of $572k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $448k to $553k (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mountain Valley Economic Opportunity Authority sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Partnership Grand Strand ($552k), Tahoe Prosperity Center ($553k) and Foundation of the Women Presidents Organization Inc ($552k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $184k. At year end it held assets of $285k against liabilities of $86k, net assets of $199k.