Bicentennial Volunteers

Analysis

Bicentennial Volunteers is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Bicentennial Volunteers reported income of $5.3m and spending of $3.9m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $5.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bicentennial Volunteers sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Westgate Foundation Inc ($5.3m), Capital Area United Way ($5.3m) and Community FDN of Southeast Kansas ($5.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $412k (10% of expenses). Other salaries and wages came to $646k. At year end it held assets of $22.2m against liabilities of $436k, net assets of $21.7m. It reported 15 employees.