Ladies of Charity

Analysis

Ladies of Charity is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ladies of Charity reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.5m (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ladies of Charity sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Foundation of Flexographic Technical Association Inc ($2.5m), Center for Military Recruitment Assessment and Veterans Employment ($2.5m) and Heart of Ga Community Action Council Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $81k (3.3% of expenses). Other salaries and wages came to $277k. At year end it held assets of $2.2m against liabilities of $30k, net assets of $2.2m. It reported 16 employees.