Chattanooga Neighborhood Enterprise Inc

Analysis

Chattanooga Neighborhood Enterprise Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chattanooga Neighborhood Enterprise Inc reported income of $4.7m and spending of $3.8m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $4.7m (+25%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chattanooga Neighborhood Enterprise Inc sits at the 91st percentile: it is larger than about 90% 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 Harbor House Ministries ($4.7m), Habitat for Humanity International Inc ($4.7m) and Project Home Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $325k (8.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $29.0m against liabilities of $15.0m, net assets of $14.0m. It reported 26 employees.