Knoxville Philatelic Society Inc

Analysis

Knoxville Philatelic Society Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Knoxville Philatelic Society Inc reported income of $69k and spending of $74k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $69k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knoxville Philatelic Society Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include State of Oregon Sports Hall of Fame ($69k), Nebraska Brass Inc ($69k) and Wichita Community Theater Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.