East Tennessee Public Communications Corporation

Analysis

East Tennessee Public Communications Corporation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, East Tennessee Public Communications Corporation reported income of $4.6m and spending of $3.7m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.9m to $4.6m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Tennessee Public Communications Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Meserve-Kunhardt Foundation Inc ($4.6m), Broadway Theatre League of Huntsville Inc ($4.6m) and Illinois Railway Museum ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $187k (5.0% of expenses). Other salaries and wages came to $834k. It paid $1,100 in professional fundraising fees. At year end it held assets of $11.4m against liabilities of $3.6m, net assets of $7.8m. It reported 18 employees.