Catholic Charities of East Tennessee Inc

Analysis

Catholic Charities of East Tennessee Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Charities of East Tennessee Inc reported income of $5.3m and spending of $3.7m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $5.3m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities of East Tennessee Inc sits at the 92nd percentile: it is larger than about 92% 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 Mississippi State University Research and Technology Corp ($5.3m), As You Sow ($5.3m) and Scholarship Granting Organization of Catholic Community Foundation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $76k (2.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.8m against liabilities of $434k, net assets of $5.4m. It reported 76 employees.