Tellico Reservoir Development Agency

Analysis

Tellico Reservoir Development Agency is a registered charity in United States, based in Vonore, TN. It received its IRS tax-exemption ruling in November 1992, 34 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 August 2023, Tellico Reservoir Development Agency reported income of $4.3m and spending of $3.4m, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $4.3m (+78%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 26%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tellico Reservoir Development Agency sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Revolution Workshop ($4.3m), Cierto ($4.3m) and East Bay Sanctuary Covenant ($4.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.7% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $215k (6.3% of expenses). Other salaries and wages came to $591k. At year end it held assets of $30.2m against liabilities of $8.9m, net assets of $21.3m. It reported 18 employees.