Hope of East Tennessee Inc

Analysis

Hope of East Tennessee Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Hope of East Tennessee Inc reported income of $1.1m and spending of $832k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $665k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope of East Tennessee Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Interim House Inc ($1.1m), American Council of the Blind Enterprises and Services Inc ($1.1m) and Allen County Drug and Alcohol Consortium Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $64k (7.7% of expenses). At year end it held assets of $703k against liabilities of $156k, net assets of $547k. It reported 27 employees.