Chattanooga C a R E S Inc

Analysis

Chattanooga C a R E S Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 C a R E S Inc reported income of $38.9m and spending of $35.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.6m to $38.9m (+109%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chattanooga C a R E S Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Volunteers of America Inc ($38.9m), Special Health Resources for Texas Incorporated ($39.0m) and Concordia College at Bronxville ($38.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $460k (1.3% of expenses). At year end it held assets of $22.1m against liabilities of $4.8m, net assets of $17.3m. It reported 94 employees.