Chattanooga Room in the Inn Inc

Analysis

Chattanooga Room in the Inn Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1990, 36 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 2024, Chattanooga Room in the Inn Inc reported income of $977k and spending of $793k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $173k to $977k (+465%), an average of +41% a year. The sharpest change came in the year to June 2020, when income rose by 213%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chattanooga Room in the Inn Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Covenant Homes Inc ($977k), Upper Perkiomen Manor ($977k) and Neary Lagoon Senior Housing Inc ($976k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $418k. At year end it held assets of $1.6m against liabilities of $29k, net assets of $1.6m. It reported 29 employees.